The price is currently trading within the critical zone of 71.57 – 70.51, a historically strong area of resistance and support, making it challenging to break decisively. Given this, we anticipate a potential bullish movement once the price stabilizes above 71.57. A confirmed 1-hour candle closure above this level is expected to act as a catalyst, driving the price towards 73.59, and if momentum continues, further toward 57.11.
On the other hand, if the price fails to hold above 71.57 – 70.51, the bearish trend will likely resume, pushing the price downward toward 67.80.
Tendency Keys: 71.57.
Resistance Line: 71.57, 73.59, 57.11.
Support Line: 70.51, 68.51, 67.80.