Long-term outlook: holding cash better position now since price action is below the cloud! That confirms the bear case. The initial sell signal was at 7700 zone! And a second one at the cloud cross at 7600.
Short-term outlook: Short-term rally back up to bottom cloud chart resistance, but its a counter trend trade, in a overall downtrend.
Cloud chart rebound buy signal at 7010 support zone!
Upside targets: 7220/7328
Top end of the cloud is the next resistance zone on 60min chart: 7104!
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