Prices are on a bullish momentum. We see potential for a bounce from our Pivot at 4416.64 in line with 61.8% and 50% Fibonacci retracement towards 1st resistance at 4635.19 in line with 100% Fibonacci extension.

Alternative Scenario:

Alternatively, prices might dip towards our 1st support at 1232.09 in line with 78.6% Fibonacci retracement.

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.