Thursday’s day end close above falling trend line (drawn from Aug 15 high – Sep 2 high) suggests the doors have been opened for a rise to magic figure of 7000.
However, the hourly RSI has resumed the decline from the overbought territory; hence we may see a minor drop to 6880 levels before it makes an attempt at 7000 levels.
However, the hourly RSI has resumed the decline from the overbought territory; hence we may see a minor drop to 6880 levels before it makes an attempt at 7000 levels.
