Indicators remain supportive of sustained sideways movement, pointing toward a stable trading range at relatively higher levels. While there is slightly more selling pressure–and therefore a downward bias–we do not expect the support at 22.00 to break anytime soon. MACD histograms and DMIs are both neutral. RSI is just a few points above neutral territory. With even volatility starting to go down, it is highly likely that CNPF will move steadily.

Trade the range

Weekly target: 23.00
Support: 22.00 / 20.00
Resistance: 24.00

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