We observe a nice uptrend, with an inside short-term correction, that seems slowing down as the price bounce couple of time from the diagonal support.
Price currently is stuck in a tight, consolidating range, looking for a direction.
With the current stalemate in regards to fundamentals, technicals can settle in nicely. DeM is also moving out from the oversold zone as well and the price remains above the 200 daily moving average.
Current projection is for a short - term rise towards the 231.33 levels, correction to the diagonal again, and a move up towards 256.80.
Alternatively, price will breach the diagonal for a movement towards 190.20.
Price currently is stuck in a tight, consolidating range, looking for a direction.
With the current stalemate in regards to fundamentals, technicals can settle in nicely. DeM is also moving out from the oversold zone as well and the price remains above the 200 daily moving average.
Current projection is for a short - term rise towards the 231.33 levels, correction to the diagonal again, and a move up towards 256.80.
Alternatively, price will breach the diagonal for a movement towards 190.20.
