Hello everyone, The index price provided more positive closings above the additional support positioned near 16000\, thus confirming its readiness to resume the previously expected upward attack with its repeated fluctuation near 16060.00.
The current attempt to sneak the Stochastic indicator towards the overbought level will provide the price with new positive momentum to facilitate the task of confronting the resistance extending towards 16224, which by surpassing it will confirm its move to a new positive phase that may push it to reach new positive stations that may start from 16404 and reach towards 16568.
The general trend expected for today: bullish with stable support
The current attempt to sneak the Stochastic indicator towards the overbought level will provide the price with new positive momentum to facilitate the task of confronting the resistance extending towards 16224, which by surpassing it will confirm its move to a new positive phase that may push it to reach new positive stations that may start from 16404 and reach towards 16568.
The general trend expected for today: bullish with stable support
