prices have been continuously moving down along the resistance line for a real long time. settled at a good support line which could make or break. breaking support line on the downside would nose dive the price to around 5400 levels while on the other hand breaking above the long term resistance would propel the prices higher towards 5650, 5720.. wait for the...
Prices trade with higher high and higher low formation. The formation is considered as positive. Based on chart structure prices will move with positive bias. 12800 will be crucial support for the prices. On the higher side, 13500/13600 would be possible targets.