Cairo Oils & Soap - Gann Analysis & Future Price Projection
📈 **Market Overview:**
Cairo Oils & Soap (EGX) is currently trading at **0.268 EGP**, facing resistance around **0.295 EGP**. The price is consolidating within a structured Gann grid, with key angles and price levels playing a significant role in market behavior.
🔍 **Technical Breakdown:**
- The **450° Gann level (0.295 EGP)** acts as immediate resistance. A breakout above this zone may lead to **0.322 EGP (495°)** as the next target.
- The price has been respecting the ascending white trendline, indicating a **medium-term bullish structure**, but it must hold above **0.243 EGP (360° Gann level)** to maintain strength.
- Further resistance levels include **0.351 EGP (540° Gann level)** and **0.413 EGP (630° Gann level)**.
📊 **Potential Scenarios:**
🟢 **Bullish Case:** If the price breaks and holds above **0.295 EGP**, we could see an upward movement towards **0.322 EGP**, then **0.351 EGP** in the coming weeks.
🔴 **Bearish Case:** A breakdown below **0.243 EGP** could trigger a drop towards **0.219 EGP (315° Gann level)** or even **0.196 EGP (270° Gann level)** if sellers gain momentum.
⚠️ **Key Takeaway:**
Price action around the **0.243 - 0.295 EGP range** will dictate the next move. A strong breakout above resistance could drive bullish momentum, while failure to hold support may result in further downside.
📌 **What are your expectations for Cairo Oils & Soap? Share your insights! 🚀🔥**
