Mid-day report

The four-hour time scale as seen on the secondary image succeeded in building a bearish formation of candlesticks that may be able to confirm the negative pressure of the daily harmonic pattern. Therefore, we keep our overview to the downside, targeting 976.00 before resuming the major short term bullishness.RSI 14supports our overview.

The trading range for today is among the key support now at 942.00 and key resistance now at 1035.

The general trend is to the upside as far as 820.00 remains intact with targets at 1035.00 and 1060.00.

RecommendationOur mornig expectation is still valid