Weekly price is on ranging to be near and below the resistance level at 4550 for the primary bullish trend to be continue or to the secondary ranging-to-correction to be started. - if the price breaks resistance level at 4550 on weekly close bar to above so the strong primary bullish trend will be continuing; - if the price breaks 3997 support to below so the secondary correction within the bullish trend will be started; - if not so the price will be on ranging within 3997/4550 support/resistance channel. Recommendation: ranging with overbought condition; watch the price with s/r levels on close weekly bar for possible buy or sell.
2026.01.07 04:43
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The market is "ij"
Weekly price broker 4550 resistance level to above for the 5597 level as the next possible target. Alternatively, the price will be on ranging for direction.