On Friday during the day, the market moved around 85,000 with an increase in buying pressure pushing up to around 88,300. The overall daytime trend was mainly driven by buying pressure. Currently, the daily chart shows a shrinking bullish candle with a positive body. The four-hour structure indicates increasing buying pressure pushing upward, breaking through and approaching the upper band. The hourly structure shows decreasing buying pressure with consecutive positive candles. Watch for a breakout and stabilization around 89,000. The secondary resistance level is around 90,500. The evening strategy remains cautious with low buying pressure.
Friday evening:
Market around 87,800-87,500, target around 89,000-89,500. Support at 87,000.
Market around 2,930-2,910, target around 3,000-3,020. Support at 2,880.
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On Friday during the day, the market moved around 85,000 with an increase in buying pressure pushing up to around 88,300. The overall daytime trend was mainly driven by buying pressure. Currently, the daily chart shows a shrinking bullish candle with a positive body. The four-hour structure indicates increasing buying pressure pushing upward, breaking through and approaching the upper band. The hourly structure shows decreasing buying pressure with consecutive positive candles. Watch for a breakout and stabilization around 89,000. The secondary resistance level is around 90,500. The evening strategy remains cautious with low buying pressure.
Friday evening:
Market around 87,800-87,500, target around 89,000-89,500. Support at 87,000.
Market around 2,930-2,910, target around 3,000-3,020. Support at 2,880.