Trading suggestion:

• We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Midterm forecast:

• While the price is above the support 64.413, beginning of uptrend is expected.
• We make sure when the resistance at 83.000 breaks.
• If the support at 64.413 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
• A trough is formed in daily chart at 69.365 on 05/15/2023, so more gains to resistance(s) 73.984, 76.698, 80.424 and maximum to Major Resistance (83.000) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 45.

Take Profits:

1. 73.984
2. 76.698
3. 80.424
4. 83.000
5. 86.877
6. 89.340
7. 92.888
8. 96.995
9. 100.802
10. 107.746
11. 113.230
12. 120.000
13. 126.350