Noor Trends News, Technical Analysis, Educational Tools and Recommendations
We adhered to the intraday neutrality during the previous analysis, explaining that activating the buying positions depends on confirming the breach of 72.00, in order to consolidate the rise to 72.80, touching our first target, recording its highest level during the early trading of the current session at 73.63.
Technically, the positive motive for the simple moving averages, which comes in conjunction with the clear positive signs on the RSI.
It encourages us to maintain our positive forecast, provided we confirm the breach of 73.70, targeting 74.35 first target, and then 75.00 next official station.
To remind that activating the bullish scenario requires daily trading to remain above the psychological support level of 72.00.
| S1: 71.80 | R1:74.35 |
| S2: 70.20 | R2: 75.25 |
| S3: 69.25 | R3: 76.90 |
