During last week, market went bullish, rising to as high as 1325.96.
Market was opened on Monday at 1309.91, it rises to its maximum price at 1325.96 on Thu, 01/04/2018 - 20:00, then it drops to its minimum price at 1305.87 on Thu, 01/04/2018 - 01:00 and finally it was closed on Friday at 1319.22.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 71.
- Current short-term is range bound, but beginning of downtrend is expected.
There is possibility of temporary retracement to suggested resistance zone (1320.00 to 1356.75), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (1320.00)
- Ending of entry zone (1356.75)
Supports and Resistances: