Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (117.300 to 118.850). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (117.300)
• Ending of entry zone (118.850)

Midterm forecast:

• While the price is below the resistance 118.850, beginning of downtrend is expected.
• We make sure when the support at 111.726 breaks.
• If the resistance at 118.850 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 111.760 on 02/12/2026, so more gains to resistance(s) 117.300 and maximum to Major Resistance (118.850) 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 57.

Take Profits:

1. 115.415
2. 112.950
3. 111.726
4. 110.364
5. 108.940
6. 107.645
7. 105.186
8. 103.156
9. 101.245
10. 97.765
11. 95.852
12. 94.068