The price of forming a slight bearish slope after testing the resistance of the main ascending channel, waiting for a positive momentum enough to push the price to resume the bullish trend and break through the resistance mentioned at 5970.00 to confirm the opening of the way towards the 6300.00.
Hence, our positive outlook remains valid for today unless the level of 5422.91 is breached, as a breach of this level will press the price to extend its short term bearish correction targeting the 4954.55 areas before any new attempt to rise.
The trading range for today is among the support at 5750.00 and resistance at 6200.00