Finally the correction ended after 14 hourly down bar candles and started to turned upward to closed 4 points higher at 1275 with higher volume transacted. Price closed right above the middle Bollinger band with the band width narrowing marginally = market are likely to move side way upside biased. MACD Histrogram also edge up higher to near the zero line level = buyer returned to the market for bargain hunting. Immediate support stands at the plotted suport line and resistant rest at the upper Bollinger band.
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