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The support rests at 35173.20 with resistance at 39622.80 which the weekly pivot point at 37172.80 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges, the RSI is moving above level 50. The MACD is moving in positive territory and the ADX is showing buy signal. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 39700.
