Trade Alert
Keep watching the lower bound of the range carefully. For now, it looks like that the index could continue ranging between the 18400 and 19630 levels. But, because the price is still quite close to the lower bound, this puts as in a more cautious position, as the overall outlook still remains bearish.
A break below the 18400 hurdle could invite more sellers to the table and drive the index lower, towards the next potential area of support at 17950, marked by the high of the 23rd of June 2016.
On the other hand, a strong reversal higher and a break above last week's high at 18970 could open the path towards the upper bound of the range, near the 19630 zone.
Don't forget your stop-loss
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with the Company.
Keep watching the lower bound of the range carefully. For now, it looks like that the index could continue ranging between the 18400 and 19630 levels. But, because the price is still quite close to the lower bound, this puts as in a more cautious position, as the overall outlook still remains bearish.
A break below the 18400 hurdle could invite more sellers to the table and drive the index lower, towards the next potential area of support at 17950, marked by the high of the 23rd of June 2016.
On the other hand, a strong reversal higher and a break above last week's high at 18970 could open the path towards the upper bound of the range, near the 19630 zone.
Don't forget your stop-loss
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with the Company.