Monthly chart: Situation remains the same: the price has the tendency to hit 2200.1 and with a high probability, to receive a middle-term downward correction. By little, bulls are taking hook, whereas bears are shotting their guns.
Weekly chart: ADX is weak so we don't expect the index above the upper Bollinger band (2153.8). Support is based in the area of the middle band (2070.0)
Day chart: Flat area has been shaped even better within 2112.1-2139.7.
Expectations: Flat within 2112.1-2139.7
Trading decisions: 1) Sales from 2139.7 to 2112.1 .
Monthly chart: We're still keeping sales open expecting decline in the middle run to 48.11.
Weekly chart: A possible alternative scenario is the breakthrough to new levels, wrecking of bears' stops and growth of quotations in the direction to 92.36
Day chart: The coming week may bring trading within Bollinger envelopes (64.29-68.25)
Expectations: General target is decline, but this week support 64.29 may again give a reason for pullback to 68.25. However, from this point we can consider sales again.
Trading decisions: 1) We're keeping sales open. 2) If there is a pullback to 68.25, we shall be added on the lower level.
If trades will work based on Stops, we will take a pause before the next week.
Monthly chart: Flat is in the range of the bottom envelope. Since the range is very narrow, we will switch to younger charts.
Weekly chart: Flat range is 1135.46-1287.33
Day chart: Flat is better shaped here 1172.79-1229.46
Expectations: Flat is in the range1172.79-1229.46
Trading decisions: 1) Trading in the channel 1172.79-1229.46 in both sides.Publication source