The price of the index succeeded in trading in the recent period by holding below the 23.6% Fibonacci retracement level, which is concentrated at 22175.00, confirming that he surrendered to the bearish bias, and we note that he recorded a new negative target by touching the level of 21842.00.
We expect continuously forming the 22175.00 level for additional resistance in front of the current trading, and by providing the stochastic of the additional negative momentum, the price will soon be drawn towards 21585.00, and by surpassing it, the trading may extend towards the 38.2% Fibonacci retracement level, which is stable at 20765.00.
The expected trading range for today is between 22175.00 and 21585.00
Expected trend for today: Downside
