APPROACHING THE PREVIOUS PEAK
The market continued to gain points despite pressure from the 1,670 – 1,675-point resistance area. Liquidity increased compared to the previous session but was still lower than the 20-session average, indicating that supply is not yet putting significant pressure on the market, while cash flow is making an effort to uplift the market.The signal of a gradual increase after climbing above the MA(20) line is giving the market an opportunity for a short-term increase. It's expected that the market will test and challenge the 1,700-point resistance area in the next trading session.
Temporarily, supply at this resistance area still has the potential to increase and could cause strong contentious pressure on the market.
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