The price is currently trading below the 52785 pivot level. Trading below this level indicates a bearish bias toward the support line at 52250. A confirmed 1-hour candle close below 52250 will sustain the downward momentum toward 52000.
Conversely, a confirmed 1-hour candle close above the 52785 pivot level will shift the momentum upward toward the resistance line at 53030. A breakout above 53030 is required to fully support a bullish extension toward 53270.
Resistance Levels: 53030 – 53270
Support Levels: 52250 – 52000
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