Current price: 38485

Key point: 38,000

Our preferred direction: buy positions at the highest levels of 38000, targeting 38915 as the first target, then 39110 as the second target.

Alternative scenario: Stop loss and change the trend by breaking the 38000 level, targeting 37800 levels

Technical commentary

After last Tuesday's decline, the index reached the support levels of 38080 and rose with the lower border of the price channel from last November, so it is expected to continue its rise from these levels to retest the levels of 38915.