Daily outlook: neutral and choppy after the prior upswing lost momentum. A daily close above 7,740–7,750 would restore upside momentum toward 7,814, while a close below 7,611 would confirm deterioration and open the door fora decline towards 7,540–7,500.
Weekly outlook: remains
bullish , but momentum is in a
compressed pause around the 7,690–7,710 level. A weekly close above 7,750–7,760
would favor 7,814 and then 7,880–7,900; a weekly close below 7,610 would be the
first meaningful bearish warning.
Summary outlook: neutral-to-cautiously bullish while price remains inside the range. Strongly bullish only after an upside break, while a weekly close
below 7,610 invalidates the broader bullish structure.
