US100: Possible rebound

US100, H4

On the H4, US100 fell by a wide margin to a critical support area. Price bounced after crossing the lower Bollinger line. Stochastic is also indicating a significant oversold condition, which makes it possible to expect a slight rise.

• We may consider buying US100 on a rise above 21020 with a target to 21200 and further to 21400;