Mid-day report

The secondary four-hour chart is still supporting our negative scenario on adaily basis as AROON down has penetrated the value of 70.00, reviving that the bearish direction may be very strong. Therefore, we keep our overview to the downside based on our previous explained double top pattern.

The trading range for today is among key support at 146.80 and key resistance at 157.30.

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

RecommendationOur morning expectation is still valid