The price just made contact with the 4H Support and technically is on the ideal buy level. Our TP is 55.10 (interim rejection point from last Support bounce) and under conditions 56.50 in extension (expected Lower High).
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We look at 40.46 as near term support level before or towards an increase at a high price phase. So stay tuned in to this frequency regarding current market updates.
Yes wait and see is what matters mostly when trading the demonstrable denoted indexes. So time and timing the markets to perfection is an all important aspect towards trading or Exchanging Contracts towards providing for good Outcome and Results through the monthly chart market cycles.
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