Germany- Continental settles above the support– Analysis – 05-6-2019

The continental price continued to face the negative pressures by providing repeated positive closes above the critical support at 119.40, to support our suggestion by renewing the bullish attempts, we should gather a new positive momentum that assists forming a strong positive rally, to surpass 133.45 level, then attempt to close the price gap that is represented at 145.70 level.

Any attempt to reach below the mentioned critical support, so that will confirm its surrender to the bearish bias domination, to expect suffering big losses by reaching 122.15 and 104.20.

The expected trading range for today is between 120.00 and 133.45

The expected trend for today: Bullish