August 31 , 2010
The overall oscillator has settled at a much neutral level at 57.79 RSI after last week’s correction. Although the index closed with a bearish candle, prices managed to stay above the 20-day moving average, which is considered good.
Momentum has slowed down too and is now moving flat, a reason to assume that the market will likely to consolidate in the coming week, at least until a new string of market catalysts surfaced.
The index may vacillate between 3520 to 3620 points.
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