The current price is 2807 and above the rising 200 day moving average of 2777. The Fibonacci 38.2% retracement level from the high, based on the entire 3069 to 2404 range traded since the end of March 2026 comes in at 2815. The 14 day relative strength index is approaching oversold levels at 31%. The 14 day ADX level of 47 is a warning that a retracement to the upside is highly probable, with focus on the Fibonacci 23.6% level at 2912.
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