Currently in Bearish Trend. Currently in Bearish Trend.
H&S Pattern in play targeting around 40ish.
Weekly Closing above 70 may be a Positive
sign. However, if the selling pressure continuous,
we may witness 67 & then 63.
In my view, it should test 74 - 75 once before going
down (if it has to).
Important Resistance is around 75 - 76.
Important Supports are 67 - 69 & then around 63.
One positive sign is that there is a double Bullish
Divergence on Shorter Time Frames. If it plays now,
we may see 73 - 75 (which is again a Resistance level).
