Daily and weekly charts are also bullish.
Pivot
18125.00
Our preference
Long positions above 18125.00 with targets at 18350.00 & 18475.00 in extension.
Alternative scenario
Below 18125.00 look for further downside with 18050.00 & 17960.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
18610.00
18475.00
18350.00
18200.00 Last
18125.00
18050.00
17960.00
Number of asterisks represents the strength of support and resistance levels.
Pivot
18125.00
Our preference
Long positions above 18125.00 with targets at 18350.00 & 18475.00 in extension.
Alternative scenario
Below 18125.00 look for further downside with 18050.00 & 17960.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
18610.00
18475.00
18350.00
18200.00 Last
18125.00
18050.00
17960.00
Number of asterisks represents the strength of support and resistance levels.