Midday Report

The secondary four-hour chart shows that a slant upside divergence has been formed, supporting the technical idea of a temporary upside correction towards the broken support areas –turned into resistance - between [152.80 and 153.60] as seen on the main chart, before resuming the major downside scenario.

The trading range for today is among key support at 145.50 and key resistance at 155.85.

The general trend is to the downside as far as 167.40 remains intact with target at116.00.

RecommendationOur morning expectation is still valid