Preference:

Prices are on a bullish momentum. We see potential for a climb from our Pivot at 16007.49 in line with 100% Fibonacci extension and 23.6% Fibonacci retracement towards our 1st resistance at 16296.86 in line with 161.8% Fibonacci projection and 127.2% Fibonacci extension.

Alternative Scenario:

Alternatively, prices can potentially dip towards our 1st support at 15786.78 in line with 38.2% Fibonacci retracement and 161.8% Fibonacci extension

Improve Your Trading

Did you know that SuperTrader Markets has a VIP room where you can learn to trade from a team of award-winning analysts?

Check out our exclusive Live Trading Room where you can ask questions directly to a team of CFA, CMT, CFTe accredited analysts.