Morning report

The ascending direction continues respecting our previous explained bullish scenario where we expect that the price is gathering enough momentum around 14.30 areas to assist it to breach 14.40-45 areas which represents one of the most important resistances. A break of which will be a sign that the medium term outlook is still bullish, indicators are neutral. Note: We need to watch the volume today carefully around 14.40 areas as if it decreased that will postponed the expected break above.

The trading range for today is among the key support at 13.50 and key resistance now at 15.00.

The general trend is to the upside as far as 12.00 remains intact with targets at 16.50

Resistance14.40 14.55 14.70 14.90 15.00


Risk is too high today,