TASI Technical OverviewPosted on Sunday, May 7 2017 at 5:01 am GMT+0000
Possible daily reversal.
With a possible daily reversal in the making, Bullish scenarios have been placed on hold for time being. Previous uptrend in the medium term had lost strength, and momentum triggers are warning for a probable return of Bearish sentiments. While in the short term Bearish pressure below 6950 pushed the market towards a retest of previous lows at 6880. Any break below that level could confirm forthcoming lower lows on the hourly charts.