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Technical: Mustard Cake- Sideways Volatility May Be Witnessed

22 Apr 2019 6:02 pm
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Dated 02/04/2019

Expect support of 1685 and 1580 to be tested in near term.

Resistance will be at 1765-1800.

Reversal can resume if sustains above 1765.

Subsequently can scale up to 1800-1935.



Conclusion

Expect support to be tested and traders short may maintain stop loss at 1765.

Reversal is above 1765.

Support can be used to exit short position at 1685-1650 and 1570.


       
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