Price may have found a base of support at 12650 but there is bearish engulfing candle from the LTD, which indicates selling pressure around the 13000 level as price moved down sharply after testing this level. Patience here looking for a bounce and close above the DEMA for a long. The long term trend is currently up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.