Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• While the price is above the support 111.486, resumption of uptrend is expected.
• We make sure when the resistance at 126.350 breaks.
• If the support at 111.486 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• The RSI resistance #2 at 61 is broken, so the probability of resumption of uptrend is increased.
• While the RSI support #1 at 42 is not broken, the probability of price decrease would be too low.
• A peak is formed in daily chart at 121.320 on 06/08/2022, so more losses to support(s) 115.902 and minimum to Major Support (111.486) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 62.

Supports and Resistances:

1. 126.350
2. 111.486
3. 102.898
4. 93.000
5. 84.312
6. 73.320