The pancake daily line yesterday fell from the highest point near 95450 to the lowest point near 93650, ultimately closing near 94200. The support level below is near 93650; if it breaks, it may test the support around MA120. A long position can be considered near this level during a pullback. The resistance level above is near 97300; a breakthrough may see prices around 98500. When rebounding to this area, a short position can be considered. The MACD shows a decrease in bullish momentum.
Looking at the four-hour chart, the support level below is near MA30; if it breaks, it may drop to around 93800.
A long position can be considered at this location during a pullback. The MACD shows an increase in bearish momentum.
