The price remains stable above 2713.32, noting that the recent trades are confined to a bullish triangle pattern shown in the image. Therefore, the price needs to breach the 2800.00 level to confirm the completion of this pattern and then rush towards the pre-recorded peak at 2980.00 as the next major station.
Therefore, the bullish trend will remain valid during the coming period provided stability above 2713.32, as a breach of this level will press the price to test 2548.34 before trying to rise again, noting that the breach of the above target will push the price to head towards the areas of 3500.00 directly.
The trading range for today is among the support at 2500.00 and resistance at 3100.00
The general trend for today is bullish
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