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Previous range: 65,000 – 68,000 Clear sideways movement
Failure to hold above 68,000 reflects weak buying momentum, and a negative close below 65,000 indicates the beginning of a breakdown of the range structure and a gradual shift in control to sellers. Pivot levels:
59,965
First structural support. Staying above it = possibility of a technical rebound. Daily close below it = registering Lower Low and confirming selling acceleration.