The price is at SMA100 which is a strong support line. RSI confirms price reversal and we should expect for further upward movement. But DMI shows that the market has no power for strong price movements. We must be ready to see range market and price movement between 300.00 and 270.00 levels. If so, we can wait for a breakout above 300.00 resistance level and trade based on such signal. Pending orders for buy should be placed at 302.00 level with stop orders at 264.00 level. The main profit target is 400.00 resistance level. If the price drops below 270.00 […]
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