Yesterday, the index price was subjected to strong positive pressure, causing it to breach the additional barrier positioned at 14742, forming a strong upward corrective rebound, achieving some gains by reaching around 14860, as is evident in the attached figure.
Corrective trades may currently extend towards 14985, with the price testing the broken channel support, which in turn constitutes a strong resistance to the bullish trades. Let us stress the importance of monitoring its behavior after touching this resistance so that we can determine the expected direction for the upcoming trades. Crossing the resistance and holding above it will confirm its restoration of the bullish tendency, so we expect it to be attracted toward more
The expected general trend for today: corrective bullish
Pivot Price: 14742
Resistance prices: 14860 & 14985 & 15147
Support prices: 14608 & 14461 & 14339
Corrective trades may currently extend towards 14985, with the price testing the broken channel support, which in turn constitutes a strong resistance to the bullish trades. Let us stress the importance of monitoring its behavior after touching this resistance so that we can determine the expected direction for the upcoming trades. Crossing the resistance and holding above it will confirm its restoration of the bullish tendency, so we expect it to be attracted toward more
The expected general trend for today: corrective bullish
Pivot Price: 14742
Resistance prices: 14860 & 14985 & 15147
Support prices: 14608 & 14461 & 14339
