RECLAIMING THE MA(200)
The market continued its recovery trend and made an effort to surpass the MA(200) line at the 1,650 zone. Liquidity increased compared to the previous session but remains at a low level for now, indicating that supply is still in a cooling state and cash flow is making an effort to support the market.The move back above the MA(200) marks the first positive signal in the past month. Consequently, the 1,580 – 1,600 zone is proving to be a fairly reliable support area in the short term. These signals could help the market transition into a recovery phase.
However, the market will experience strong fluctuations and a "tug-of-war" around the MA(200) line in the near future before the start of the recovery phase can be fully confirmed
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