The index price was forced to introduce new slow trading by oscillating near 14330 without recording any new negative target, to be affected by the continued conflict of the positivity of the Stochastic indicator against the negativity of the 55 moving average axis, further forming the level of 14521 as an additional barrier to the current trading.
In general, we will maintain our bearish expectation, relying on the stability of the additional barrier, and let us remember that the initial negative targets are positioned near 14164, reaching the next stable support at 14000, which in turn constitutes the next main target for bearish trading.
Pivot Price: 14330
Resistance prices: 14521 & 14730 & 15254
Support prices: 14164 & 14000 & 13769
The expected general trend for today: bearish with the stability of the barrier
In general, we will maintain our bearish expectation, relying on the stability of the additional barrier, and let us remember that the initial negative targets are positioned near 14164, reaching the next stable support at 14000, which in turn constitutes the next main target for bearish trading.
Pivot Price: 14330
Resistance prices: 14521 & 14730 & 15254
Support prices: 14164 & 14000 & 13769
The expected general trend for today: bearish with the stability of the barrier
