The immediate trend remains UP with strong support zone at 4040.
Our preference:
LONG positions above 4040 level with targets at 4260 and 4437 resistance level .
Alternative scenario:
A close below 4040 support level look for further downside with 3852 as target.
Our preference:
LONG positions above 4040 level with targets at 4260 and 4437 resistance level .
Alternative scenario:
A close below 4040 support level look for further downside with 3852 as target.