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Inverted H&S Holds, TA-35 Buoyed By Ceasefire

ISRAEL
  • TA-35 brushes off Israel-Palestine tensions, making new YTD highs – Pre-Pandemic levels come into focus
  • lateral support from the Inverted H&S pattern neckline and dynamic support from the 50dma held at 1600, creating a bullish platform for the index to move higher
  • Resistance zone at 1700-1750 comes into view, with momentum oscillators signalling bullish drivers remain intact: RSI 64.16, bullish MACD crossover noted above the signal line


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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