The price is trading now just below the upper band of the smaller channel. 836 is a strong support to watch, but once the price beaks that level to the down, it will decline towards the lower band of the mentioned formation in the vicinity of 820 level.
If the price manages to pierce a resistance at 847, the upper band of the bigger channel will be targeted in long-term.
If the price manages to pierce a resistance at 847, the upper band of the bigger channel will be targeted in long-term.
