Important level to Watch: 21876
Potential Upside Bias:
While the support level at 21876 (Bollinger mid-average) remains intact on a 4 hourly closing basis the potential is to challenge resistance at 22233 (Feb 2nd high), and higher if this level gives way.
Potential Downside Bias: 4 Hourly closing breaks below the Bollinger mid-average at 21876 suggests downside risks to test the next support at 21476 (June 5th session low).
Current Outlook: Upside potential while 4 hourly closes are seen above 21876.
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