Important level to watch - 24355 (4 hour chart)
Bollinger Mid-Average
Potential Upside Bias: While the latest price recovery remains above support at 24355 (Bollinger mid-average) the potential is for further upside strength.This can see tests of resistance at 24747 (July 10th high) and higher if this level gives way.
Potential Downside Bias:
4 Hourly closing breaks below support at 24355 can open downside risks to test 24004 (July 22nd low), possibly 23723 (July 2nd low).
Current Outlook:
Upside potential while prices remain above 24355.
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