Currently, the instrument is in a medium-term uptrend 📈. The current market strength on a scale of zero to one hundred is 42.4. Buying 🔼 is recommended.
At present, the instrument is trading within a descending channel, with the lower boundary at level 1934.5 and the upper boundary at level 1986.1.
Considering the local trend, speculative long and short trades on rebounds from the channel boundaries are the most preferable.
As for medium-term positions, currently, it is only possible to consider buying on rebounds from the lower boundary of the channel and after the price is fixed above the upper boundary. Medium-term short positions 🔽 can be considered only after the price is fixed below the level of 1966.1 and goes below the channel boundaries.
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