The average price is moving around SMA 50 remains stable below 6500.00 while Stochastic is overbought.
Therefore, our bearish outlook remains intact, relying on stability below 6500.00, with our main awaited targets at 6040.00 and 5880.00.
The trading range for today is among the support at 6000.00 and resistance at 6500.00.
Support and resistance:
support 6400-6330-6000
Resistance: 6470.50-6600-6770
The general trend for today is bearish.