Current price: 25400
Key point: 25300
Our preferred strategy: Buy positions above 25300 with a first target of 25700 and then a second target of 26000.
Alternative scenario: Stop loss and trend reversal upon breaking the 25250 level, targeting the 25150 level.
Technical commentary
The index is moving upwards from last month's low, above the 200-period moving average on the four-hour timeframe, and above the support level of 25375.
If the resistance level of 25700 is breached, the index will then head towards the levels of 25835 and then the levels of 26000.
