Stable Stable Rate - Analysis - 05-10-2018



The rally around the SMA 50 is hovering above the 6500.00 level, keeping the bullish scenario intact for the coming period, waiting for the breach of 6630.00 to confirm the opening of the way towards our targets which starts at 6880.00 and extends to 7190.00.

Keep in mind that breaking 6500.00 levels then 6400.00 will stop the expected rally and press the price to drop again.

The trading range for today is among the support at 6300.00 and resistance at 7000.00

The general trend for today is bullish