During last week, market went bullish, rising to as high as 1288.46.
Market was opened on Monday at 1270.67, it drops to its minimum price at 1266.07 on Mon, 11/06/2017 - 00:00, then it rises to its maximum price at 1288.46 on Thu, 11/09/2017 - 19:00 and finally it was closed on Friday at 1276.31.
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index (RSI) is 47.
- Current short-term is range bound, but beginning of downtrend is expected.
There is possibility of temporary retracement to suggested resistance zone (1288.75 to 1305.15), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (1288.75)
- Ending of entry zone (1305.15)
Supports and Resistances: