Long positions above 7860.00 with targets at 8080.00 & 8260.00 in extension.
Pivot: 7860.00
Our preference: long positions above 7860.00 with targets at 8080.00 & 8260.00 in extension.
Alternative scenario: below 7860.00 look for further downside with 7640.00 & 7500.00 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
8390.00
8260.00
8080.00
7955.50 Last
7860.00
7640.00
7500.00