The Index Manage to bounce at 2618.84 after numerous fail attempts to break through 2712.60 resistance and two other support price points as pointed out in my previous analysis.
The index closed its last trading session around a critical resistance price point at 2669.85 just below 2671.35 resistance.
There are two critical points that I would like to point out for future references
1. Prices need to break and hold above its 500 EMA in blues colour, the resistance trend line in red and also 2688.69 resistance before we could see any attempts to move up towards 2701.19 and 2712.60
2. Failure to break above 2671.35 resistance might see the index prices fall to around 2645.10 -2618.84
The index closed its last trading session around a critical resistance price point at 2669.85 just below 2671.35 resistance.
There are two critical points that I would like to point out for future references
1. Prices need to break and hold above its 500 EMA in blues colour, the resistance trend line in red and also 2688.69 resistance before we could see any attempts to move up towards 2701.19 and 2712.60
2. Failure to break above 2671.35 resistance might see the index prices fall to around 2645.10 -2618.84
