Strong resistance remains to be seen between the 7,747 to 7,769 September to December highs ahead of last week’s 7,786 peak. Support is found at last week’s 7,713 low as well as at the 7,710 to 7,702 October and early February highs.
Above 18,050 lies the 18,200 region which remains in focus while the February-to-March accelerated uptrend line at 17,892 underpins, together with Thursday’s low at 17,865. If not, a medium-term top formation will be formed with the late January high at 17,668 being in focus.
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