Last week, the price broke-out through the most important trendline that we had at this level, followed by a correction that stopped exactly at the highlighted on the chart.
Based on current fears and the rise in the bond market we can foresee the price continuing to drop in the near future, having a big chance to hit our 12200.0 target.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move