Since our last look the market started to show a retracement within the Secondary Trend channel after reaching a low price at 4410.
From this key low the market rallied up to a high at 5365, before showing another decline. This decline couldn't reach the key low, but instead showed a turning point around the 4600 area and traded up from here.
Today we pick up trade where it showed another decline from a high at 4940 and is now heading for the key 4600 price area yet again. We identify a new bearish Current Trend channel and look for activity to dip in below support at 4600. A move through here could trgger more selling orders and provide more downward opportunity.

Levels:
Immediate support mentioned at 4600 and below here at 4400.00.
Resistances are seen at 4685 and above here at 4875, 4940 and higher up at 5150, 5295, 5365 and 5500.