The BAE price is forced to form a bearish correctional trading, recording some losses by reaching 542.08, note that the bullish scenario will remain valid unless breaking the bullish channel’s support that is located at 539.60, to keep waiting for recording new positive targets by its rally to 551.30 and 559.00.

While facing extra negative pressures and the attempt of reaching below the current support, so that will confirm its move to a new negative track, to surpass the moving average 55, to target 530.50 level initially.

The expected trading range for today is between 539.60 and 551.30

The expected trend for today: Bullish