As we see from the previous chart, the market is facing a resistance zone at 47215-450, which managed to push the market for more of a drop towards the first target of 46300 and below.
We are still looking for a further drop towards the second target at 45700, which could lead to a rebound toward 46530.
Below 45700 more of a drop towards 45135 will be expected.
Above 46530, the market could add more advance with resistance still at the 47215-450 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 45700 | 46530 |
| LEVEL2 | 45135 | 47450 |
| LEVEL3 | 44570 | 47840 |