Our pivot point is at 4,428.
Our preference : The upside prevails as long as 4,428 is support, with 4,531 and 4,553 as targets
Alternative scenario : below 4,428, expect 4,391 and 4,370.
Comment : Prices are now within reach of our first target, a level that could invite the price to consolidate. On the flip side, a clear break above it may well sustain the upward move.
Supports and resistances :
4,596 **
4,575 *
4,553 **
4,531
4,501 last
4,442
4,428 **
4,391 *
4,370 **
Make sure to follow us for daily market analysis and trading tips. Let’s turn knowledge into profit together! 💰💹