Mid-day update for the price of the initialization 30-01-2018

The pivotal price is testing the pivotal support 10748.00 and maintains stability above it so far, accompanied by the persistence of oversold signs through Stochastic, to keep the upside moving during the coming sessions. The price needs to breach 11350.00 to release the negative pressure formed by SMA 50, The first one is at 12852.65.

Keep in mind that a break of 10748.00 will halt the expected rally and press the price to test the 8643.35 areas before any new attempt to rise.

The trading range for today is among the key support at 10500.00 and resistance at 12850.00

The general trend for today is bullish