Technical Outlook and Chart Setups:
Structure remains very much constructive for bulls to register fresh highs over the coming weeks. Immediate support is at 29.50 levels, followed by 28.00 and 27.50 respectively; while resistance is at 32.50/60 levels followed by 33.50/60 and 34.30 respectively. It is recommended to buy intraday dips and also hold on to long positions taken earlier. Prices have bounced back from the Fibonacci 0.618 support, trendline support and past resistance turned future support around price 29.50/60. Looking higher from here on.
Trade Recommendations:
Hold on to long positions taken earlier, add further on dips, stop is at 27.75/28.00, target is open.
Good Luck !
