MGL Bearish view. SL in range of 1060-1080

٨ يوليو ٢٠٢٠

MGL 1089 upper resistance. Lower support in the range of 1009 to 1017. tight range and on the lower end of bollinger side. Target around 985. Breaking of that then can show a level of 880.
Long side only above 1089.View Bearish. SL 1060.

Bearish cross over just happened 2 days back and RSI at 45 on daily chart basis.
Shows a downside till 985 for sure.