In the dailies, the bulk of the technicals are showing that softness should continue to rule for some more time. Due to the slowness of it moving lower, it is more apt to call it drifting, carried by a gentle wave. The momentum and trending indicators are at very low levels. So unless the volume is pumped up, we might not get too much length on this run (maximum around 1160's) before it turns back northwards. However if those are pumped up significantly, adding to weeklies which are starting to show the same way, we might get to flood levels and finally have a good run lower (1120's).
Interim supports are at 1192, 1185.50 & 1182 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances at 1197.50, 1202 & 1210 with minors at 1207.50, 1218.50 & 1221.70.
The daily/weekly trend changer points are at 1223.30/1232.70.
Interim supports are at 1192, 1185.50 & 1182 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances at 1197.50, 1202 & 1210 with minors at 1207.50, 1218.50 & 1221.70.
The daily/weekly trend changer points are at 1223.30/1232.70.
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