Evening price action continued the downtrend from midday, with the bearish pressure extending to around 74200 before falling back to around 70800. The daily chart showed contracting volume with two consecutive bearish candles, while the 4-hour level showed sustained bearish momentum forming a breakdown, with bears still having room to push lower.
Thursday early morning price action:
Price around 71700-72200 area showing bearish pressure, looking toward 70000-69500 area as the target.
Price around 2200-2225 area showing bearish pressure, looking toward 2155-2125 area as the target.
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