- The Monthly RSI has bounced from its Oversold zone 43-35.
- The Monthly MACD has crossed above its Trigger line.
- This suggests that prices have formed a base the low of 3408.
- Past up-moves suggest that the price could now resume its up-move to initially test its prior all time high of 6175.
- On an optimistic basis, it could also touch 7880 (161.8% FR level).