Bullish trend has been pushing prices up since last week. The price had been steadily declining slightly till the support 1242 was touch and tested. A subsequent price reversal has movement upward and testing resistance at 1249.

Buyers could move prices up to test next target at 1252.50 and upward to top trendline of bullish channel.

If bears come in 1st target would be bottom trendline, 2nd 1242.50. Next support 1232 onto 1226.50, Next target after that is 1215.75, onto outer target at 1192.50

Trade What You See