The price of the index, in its recent trading, formed a temporary negative bounce, testing that initial stable support at 22950 to consolidate the bullish track steadily, and we notice a rally currently around 23600. The price stability in general within the bullish channel axes shown in the attached drawing, invites us to suggest more positivity. Which requires stability above 23999 to target 24070 to reach 25240 during the intermediate period.
Any attempt to infiltrate without the aforementioned first support, this will postpone the bullish attack and increase the chances of price testing to support the main bullish channel, which currently extends towards 22520.
The expected trading range is between 23000 and 24070
Expected trend for today: bullish
