The continued fluctuation of the index price trading below the stable barrier at 33880 led to the formation of new negative waves, noting that it is currently trying to infiltrate below the moving average 55 stationed at 33410.
In the event that the price gathers additional negative momentum and presents a negative closing below the moving average 55, this confirms its readiness to form strong negative waves that may push it to reach first towards 33080, and then to repeat the pressure on the additional support stable at 32905 in order to find an outlet to resume the decline in the coming period’s trading.
The expected trading range is between 33460 and 32905
The expected general tendency for today: is bearish
In the event that the price gathers additional negative momentum and presents a negative closing below the moving average 55, this confirms its readiness to form strong negative waves that may push it to reach first towards 33080, and then to repeat the pressure on the additional support stable at 32905 in order to find an outlet to resume the decline in the coming period’s trading.
The expected trading range is between 33460 and 32905
The expected general tendency for today: is bearish
