Previous Analysis

The index retested the broken triangle and the 38.2 Fibonacci levels at 26075 as shown before drawing to close near last week's high at 26412.

The index is expected to continue rising and targeting 26650 and 26850 levels, stability above 26000 bottom.

Current technical outlook

US stocks continued to be positive and the Dow reached its first target, 26,650.

Things remain in the hands of the bulls by holding above support 25212, and it is possible to break 26343 to target 26000-26127 before completing the climb.

Support Levels: 26007, 25942, 25212 Resistance Levels: 26650, 26850, 27300

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