Current price: 38800
Key point: 38345
Our preferred direction: Buy positions above 38345 levels with 39130 as a first target and then 39400 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 38345 level, targeting the 38070 level.
Technical commentary
The index reached the support levels of 38910 near the lower limit of the ascending channel, and in the event of any upward price behavior, it will continue its direction to the levels of 39110 and then the levels of 39400.
In the event of a break and close below 38910 levels, the index will head down to 38420 levels.
