MESU Aug 3: 7567 Breakout or 7547 Breakdown?
MESU is trading around 7,555 after a strong push higher from last week’s lows.
The main intraday range is between 7,547 and 7,567.
A confirmed close above 7,567 could support continuation toward 7,600. A confirmed close below 7,547 could open the door for a pullback toward last week’s gap around 7,520.
For the broader monthly structure, a confirmed 4-hour close above 7,632 would shift my tone from neutral to bullish. The deeper monthly downside level around 7,427 remains in the background.
Key levels
7,567: Bullish trigger
7,600: Upside target
7,547: Crucial intraday support
7,520: Downside target
7,632: Higher-time-frame bullish confirmation
7,427: Deeper monthly downside level
No confirmation, no trade. Not financial advice.
MESU2026