Current price: 45730
Key point: 45700
Our preferred strategy: Buy positions above 45700 with a first target of 46300 and then a second target of 46740.
Alternative scenario: Stop loss and trend reversal upon breaking the 45600 level, targeting the 45140 level.
Technical commentary
The index managed to rise from the support levels of 44500-44800 until it reached the pivotal resistance level of 45700. If it breaks through this level, along with breaking through the downtrend line from this month's peak, the index will then head towards the 46300 level and then the 46740 level.
