Important level to watch- 3321(4 hour chart)
Half Latest Price Strength
Potential Upside Bias:Renewed price strength has emerged and while 4 hourly closes are seen above support at 3321(half latest upside)the potential is to break resistance at 3374 (62% retracement),then test 3396(June 22nd high).
Potential Downside Bias:
4 hourly closes below the 3321 level suggests potential for retests of the next support at 3296(July 7th low), possibly further.
Curent Outlook:
Upside potential while prices remain above 3321.
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