Despite the weakness of the index price's recent trading, its continued provision of positive closings above the additional support represented by the 105.70 level contributes to enhancing the chances of it resuming the upward attack in trading in the near future.
Also, the continued attempt of the Stochastic indicator to sneak towards the overbought level will increase the chances of the price gaining positive momentum, enabling it to provide strong pressure on the stable barrier at 106.95, and by exceeding it, trading may extend directly towards 107.40, forming the next target for bullish trading.
The expected trading range for today is between 106.25 and 106.95
Also, the continued attempt of the Stochastic indicator to sneak towards the overbought level will increase the chances of the price gaining positive momentum, enabling it to provide strong pressure on the stable barrier at 106.95, and by exceeding it, trading may extend directly towards 107.40, forming the next target for bullish trading.
The expected trading range for today is between 106.25 and 106.95