Yearly R1 pivot now acts as resistance
Last week saw price finding resistance from the Yearly R1 Pivot @ the psychological level of 15k with the daily 21 EMA also now acting as short term resistance while also pointing down indicative of the current bearish trend. For now, we are seeing price contend with the Daily 100 SMA which could see price correcting deeper towards support @ 14350 if it cannot regain it.
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