Current price: 47,500
Key point: 47130
Our preferred direction: Buy positions above 47130 levels with 47800 as the first target and then 48000 as the second target
Alternative scenario: Stop loss and change the trend by breaking the 47,000 level, targeting the 46,700 level.
Technical commentary
The index managed to rise from the support level of 46,400 and the 200 moving average on the four-hour frame, while breaching the resistance level of 47,130 to form a new historical peak. The index is expected to reach the 47,800 level.
