Resist: 29.00, 29.75*+/-, 30.05
Supprt: 28.39*, 27.55*
Comment: The market has been attempting a turn into retracement rallies, but last week’s rallies have been capped by 29.75* resistance. A close over 29.75* is needed to confirm a bull turn and boost recovery rallies to 31.00 and possibly 32.03*. The rejection from 29.75* cautions for secondary dips at least to 28.39*, but only a close under 27.55* rekindles bear trend forces.
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