Hey traders!

Today we are seeing prices moving within a bigger range. There was a small spike up during the overnight session but prices formed the yellow range after a break and retest of the uptrend. Prices did not succeed to break out to the top side of the range so when that is the case prices will succeed in doing the opposite, here breaking to the lower side of the range. After that, we saw another range forming and another attempt to test the 4446 level that was formed at the opening range. There is some great resistance around this level because again prices could not break through it in the recent attempt. Now we see a shorter-term channel working lower and there is a high chance that we are trending much lower now as the 4446 resistance is stable.

All in all not many trade opportunities. Hope you had a good trading day.