A push lower Thursday through the key 6795 level, but a rebound has formed a Hammer candlestick to reject a switch back to a neutral range theme and hold onto the bullish outlook for May and Friday.
We see an upside bias for 6893.5; break here aims for 6939.5.
But below 6831 opens risk down to 6777.5.
Short/ Intermediate-term Outlook - Upside Risks:
Whilst above 6777.5, we see a more positive tone with the bullish threat through the new record high at 7085.5.
Above here targets 7123 and 7178.
What Changes This? Below 6777.5 signals a neutral tone, only shifting negative below 6618.
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