The 170.00 resistance level proved its strength which pushed the price to reach bearish level yesterday hitting 167.50 as expected, thus, we continue expecting resuming the bearish correctional bias to reach 164.80 conditioned by the stability of the previous resistance.
Stochastic forms bearish wave to settle around 50 level, to keep waiting getting the required negative momentum to reach the expected target.
Expected trading range is between: 178.40 and 165.10
Expected trend for today: Bearish