reversal point is at 486.7.
Our preference: BUY above 486.7 with targets at 50 and 50.8.
Alternative scenario: A break-down level of 48.67 will open the way to 47.8 and 46.9.
Analysis: RSI mixed rather bullish.
was not able to close above resistance and fell sharply. To confirm further rise need close above resistance
Our preference: BUY above 486.7 with targets at 50 and 50.8.
Alternative scenario: A break-down level of 48.67 will open the way to 47.8 and 46.9.
Analysis: RSI mixed rather bullish.
was not able to close above resistance and fell sharply. To confirm further rise need close above resistance