Yesterday, the index price returned to form new negative waves, and we notice that it is currently fluctuating near the stable support at 33,000, trying to find an opportunity to achieve a breakout, opening the door to resuming the main bearish attack suggested previously.
Currently, with the attempt of the Stochastic indicator to exit from the oversold level, the price may be forced to continue offering weak sideways trades, so we will remain waiting for it to accumulate additional negative momentum to facilitate the task of achieving a breakout, and then begin targeting the stable negative stations at 32810, reaching towards 32575.
The expected trading range is between 33,300 and 33,000
Currently, with the attempt of the Stochastic indicator to exit from the oversold level, the price may be forced to continue offering weak sideways trades, so we will remain waiting for it to accumulate additional negative momentum to facilitate the task of achieving a breakout, and then begin targeting the stable negative stations at 32810, reaching towards 32575.
The expected trading range is between 33,300 and 33,000
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