Hello everyone,The index price has not moved anything since Friday's trading, repeating its fluctuation sideways near 15839, affected by the strength of the additional barrier currently positioned at 16028.
Also, the exit of the Stochastic indicator from the overbought level will contribute to confirming the dominance of the sideways bias for the current period, while noting the importance of the stability of the additional support centered at 15553. This invites us to wait for the price to accumulate additional positive momentum to facilitate the task of resuming the upward attack and reaching the next main target stable at 16224.
Pivot Price: 15839
Resistance prices: 16028 & 16224 & 16404
Support prices: 15553 & 15253 & 14983
The general trend expected for today: bullish
Also, the exit of the Stochastic indicator from the overbought level will contribute to confirming the dominance of the sideways bias for the current period, while noting the importance of the stability of the additional support centered at 15553. This invites us to wait for the price to accumulate additional positive momentum to facilitate the task of resuming the upward attack and reaching the next main target stable at 16224.
Pivot Price: 15839
Resistance prices: 16028 & 16224 & 16404
Support prices: 15553 & 15253 & 14983
The general trend expected for today: bullish
Comment:
made the first profit
