Type: Bullish ContinuationKey Levels:Resistance: 2708Pivot: 2523Support: 2452Preferred Case:We see the potential for bullish continuation from our Pivot level at 2523 in line 23.8% Fibonacci retracement towards our 1st Resistance at 2708 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection . Our bullish bias is further supported by the stochastic indicator where price trading near the support level.Alternative Scenario:If price continues to drop, it can potentially move towards our 1st Support level at 2452 which is in line with 61.8% Fibonacci projection .Fundamentals:No Major News.
Source: Tickmill