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 69.50, beginning of uptrend is expected.
• We make sure when the resistance at 216.50 breaks.
• If the support at 69.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
• A peak is formed in daily chart at 100.0 on 05/31/2022, so more losses minimum to Major Support (69.5) 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 35.

Supports and Resistances:

1. 33.8