newdigital

Daily price is breaking 100-day SMA (100-SMA) and 200-day SMA (200-SMA) from above to below for the reversal of the price movement from the ranging bullish to the primary bearish market condition. The price is located within the following key reversal support/resistance levels:

• 2079.76 key resistance level located above 100-SMA and 200-SMA near the border between the primary bearish and the primary bullish trend on the daily chart, and
• 1992.50 key support level located below 100-SMA/200-SMA in the primary bearish area.

RSI indicator is estimating the bearish breakdown to be continuing.

• If the price will break 2079.76 resistance level so we may see the reversal of the price movement from the ranging bearish to the primary bullish condition.
• if price will break 1992.50 support so the primary bearish market condition will be continuing.
• if not so the price will be ranging within the levels.

Resistance	Support
2079.76	1992.50
2116.16	N/A

The Strategy: watch close price to break 1992.50 support level for possible sell trade. Alternateve - watch price to break 2079.76 resistance level for possible buy trade