Current price: 78.80
Key point: 76.35
Our preferred direction: Buy positions above 76.35 levels with 82 as the first target and then 84 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 76.35 level, targeting the 74 levels.
Technical commentary
The price rose from the support levels 75.70-76.30 with an ascending trend line, so it is expected that the price will rise to the 82 levels if it breaks the 80 levels.
If the price continues to decline from the resistance levels of 80, it is expected that the price will reach the levels of 77.50 to retest the upward trend.
