We continue trading within a rectangle formation between major support at 5922 and resistance at 6055. An established break of either levels will confirm the new direction.
We have been trading sideways for some time now and this market uncertainty can be linked to higher oil prices and political unrest which is weighing on investors. I am expecting a break out and it could come in the next couple of days.
As per my report yesterday the preference is for higher prices until we see a close below 5860.
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