The pancake fluctuated upwards over the weekend, showing signs of a pullback after being pressured near 106400. Technical indicators suggest a short-term weakness. The short-term trend is biased towards consolidation, possibly oscillating around support levels. If stability is achieved, there may be a slight rebound, but the resistance above is strong and the upside is limited.
If stability is achieved at the previous low support level, a light position could be taken to attempt a rebound from oversold conditions. It is more advisable to sell short when approaching the 106400 resistance level, especially when the rebound is weak, targeting the previous low support level.
The pancake is expected to move downwards in the 106000-106500 range, targeting 1045-1030.
The aunt is in a consolidation range of 2520-2550, targeting 2450-2400.
