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 131.500, resumption of uptrend is expected.
• We make sure when the resistance at 139.340 breaks.
• If the support at 131.500 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 131.735 on 08/11/2022, so more gains to resistance(s) 138.405 and maximum to Major Resistance (139.340) 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 60.

Supports and Resistances:

1. 139.340
2. 135.580
3. 133.197
4. 131.500
5. 129.442
6. 126.409
7. 121.271