Current price: 38750
Key point: 38915
Our preferred direction: Sell positions below 38915 levels with 38450 as a first target and then 38080 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 38915 level, targeting the 38920 levels.
Technical commentary
The index remained below the broken ascending channel and below the support levels of 38915, and it is expected to continue its decline to the levels of 38330. We are waiting for important data this week from the Consumer Price Index and the Producer Price Index.
