Type: Bearish Reversal Key Levels: Resistance: 59494.65 Pivot: :57669.37 Support: 53630.53 Preferred Case: Price is reacting in between the descending channel, signifying overall bearish momentum. We can expect price to drop from pivot level in line with 78.6% Fibonacci retracement and 127.2% Fibonacci projection towards 1st Support in line with 78.6% Fibonacci projection and overall graphical support. (full story)