6300-6320 seems as nearest target

2018年10月26日

Morning everybody,

Flat action here gives small space for analysis, but, on daily chart we have two DiNapoli grabbers that suggest taking of recent lows and triangle/pennant consolidation.

Since MACD trend shows up, while price mostly stands flat - it points on bearish dynamic pressure. So, it makes us think that downside action could start soon and nearest target is 6300-6320, which is mostly intraday one.