Prices are extending higher from the flag/pennant formation.
We have a 61.8% Fibonacci pullback level of 7458 from 7020 to 7729.
Bespoke resistance is located at 7461.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
We look to Sell at 7460
Target 1: 7375
Target 2: 7300