The price of the index confirmed its surrender to the bullish trend recently formed by a new bullish channel, as shown in the attached figure. The stability of the main stabilized support at 7145.00 constitutes the main factor for confirming the suggested positive for the upcoming trades.

We also point to the formation of 7250.00 support level in line with the key indicators to stay in touch for the first stable target at 7367.00 and beyond this level will succeed in reaching the positive second stop at 7425.00.

The trading range for today is between 7285.00 and 7367.00

The general trend for today is bullish