A price action above 37.00 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
'Further trend support above 38.00.
Crossing above 39.00 might target 40.00. (200-day simple moving average - which might act as some major resistance.
Fading downside price momentum might support the bullish bias.
Crossing below this level will negate the bullish stance.
'Further trend support above 38.00.
Crossing above 39.00 might target 40.00. (200-day simple moving average - which might act as some major resistance.
Fading downside price momentum might support the bullish bias.