The trend is not much different from the chart drawn yesterday. Let's look at the four-hour level:
After breaking through the pressure moving average, a round of increase began, followed by the first round of selling pressure. The pressure near 962 began to test support. The four-hour close confirmed support above and continued to test the 975 pressure above, but it never broke through. As long as there is no actual drop below the 962 area, there is still a chance for an upward move. The key support and resistance levels now are 975 and 960. These two price levels can be used to choose the direction for long or short positions.
It's similar to what was said yesterday. The current market is facing pressure at 975. If 962 doesn't hold, it will have to go down. Be careful with long positions. The support levels below are 951 and 927.
The morning trading analysis is complete. What do you think, dear viewers? Feel free to discuss in the comments section. Here is your little friend who loves you, providing daily free analysis (heart emoji).
