Repeated failure around 1080 area if followed by a daily close below 50-DMA of 1038 would confirm the bearish MACD crossover and open doors for a sell-off to 200-DMA level of 987.60.
Only a daily close above 1100 would open doors for a fresh rally to 200-DMA seen today at 1247.
Only a daily close above 1100 would open doors for a fresh rally to 200-DMA seen today at 1247.
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