We note a significant uptrend line has been violated since end of July, however found support at 92. The index could be in a range bound between 94.8 to 92 for a certain period of time, before making further down move. If the index could break the range up the is possibility the index could climb to up next resistance at 96.6, however, if the current support breaks, it could drop further to 87.7.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Trade active:
Support has significantly violated for next support at 87.7