After seeing significant increase from the level of 137.07, the price has reversed course and is testing the local support of 135.8. After testing support, the price has returned to a level that is close to resistance. We are looking forward to the collapse of the level and the continuation of the upward trend in the market.

The support rests at 136.49 with resistance at 137.00 which the Pivot Point at 136.71 is located below the price line. The EMA of 10 is moving in bullish bias in the ascendant channel and it is crossed the EMA of 100 and the EMA of 200 which both are moving upward. The RSI is moving in high ranges as well as the Stochastic. The MACD histogram is in positive territory with upward signals. The ADX is not showing a clear signal.
The price is above the Ichimoku Cloud and the Chinkou Span is moving far away the market price. Both Tenkan-sen and Kijun-sen are both showing an uptrend.

• There is resistance at 137.00, followed by resistance at 137.22 and 137.51.
• There is support at 136.49 Below, there is 136.20 and 135.98.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.