The D buy level of the previously posted is still holding but
a lack of momentum may worry Bulls. Currently there are a concentration
of Sell orders at 14000 which needs to be absorbed, but crowd sentiments
can change quickly.
Buyers are currently defending the 13000 mark. Quantative signs aside, looking
at the chart, price seems to be gravitating towards the new Weekly at
14135, which is natural. If price manage to breach this level and close above that
and even better, above the Cloud Bulls would become more confident.
A taking out of the top at 15111 could propell price towards the next top and Weekly R1
If price fails around 14000 and the Cloud/Weekly , we may see
another drop down, either a return to the tight range 13000-14000 or a test of the low at
The red arrow in the chart doesn't predict any price action but marks the target of the
that was triggered on Dec 30. This target stands at 18000.