The price of forming a bullish trend to test the level of 5700.00, noting that the SMA 50 is a negative pressure that protects the scenario of the suggested bearish correction in our morning report, to continue to tilt the bearish trend during the coming sessions, recalling our next main target at 5422.90.
On the other hand, keep in mind that a breach of 5700.00 and then 5920.00 will stop the current decline and push the price back to regain its main ascending direction again.
The trading range for today is among the support at 5300.00 and resistance at 5800.00