Technical Analysis: Price Reversal in Focus
Today's Outlook:
The price will try to touch 19625 and 19525 from the resistance line which is 19835
there is a sensitive point, stability above 19960 means will touch 20100
Bearish Scenario:
As long as the price trades below 19835, the bearish trend is likely to persist, with targets at 19625 and under that will be 19525, supported by strong bearish volume.
Bullish Scenario:
Reversing to stabilize above 19960 means will push up to get 20100 and closing 4h candle above 20095 means will start a new bullish trend
Key Levels:
- Pivot Line: 19835
- Resistance Levels: 19960, 20090, 20150
- Support Levels: 19630, 19525, 19230
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.