Current price: 2387
Key point: 2378
Our preferred direction: Buy positions above 2378 levels with 2417 as the first target and then 2430 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 2378 level, targeting the 2350 levels.
Technical commentary
The price rose from the 200 moving average levels and above the ascending trend line from the bottom of the current month, breaking the 2355 levels to target the 2420 levels at the expected harmonic pattern.
In the event of a decline and stability below the moving average levels, the price will fall to levels of 2300.
