Bearish Divergence on the short Term.
Since the price action is above the 200 EMA we have to be looking for long opportunities and will have to wait for the pull back and then break above the resistance in future to go long. The nearest major support is around the 378 levels and we have to see if it comes down to touch that level before making a break above the recent high which is around 397.
Since the price action is above the 200 EMA we have to be looking for long opportunities and will have to wait for the pull back and then break above the resistance in future to go long. The nearest major support is around the 378 levels and we have to see if it comes down to touch that level before making a break above the recent high which is around 397.