Pivot: 101.80
Our Preference: SHORT positions below 101.8 with 99.5 & 97.85 in sight.
Alternative scenario: The upside breakout of 101.8 will open the way to 103.5 & 105.
Comment: quotes are breaking down their bullish channel.
Trend: ST Range; MT Range
Key levels Comment
105*** Fib retracement (50%)
103.5** Fib projection
101.8** Intraday pivot point
110.5 Last
99.5** Intraday support
97.85** Intraday support
95.8** Intraday support
Pivot: 1531.00
Our Preference: SHORT positions below 1531 with targets @ 1509 & 1504.
Alternative scenario: The upside penetration of 1531 will call for a rebound towards 1540 & 1550.
Comment: key moving averages are turning down, therefore further consolidation seems likely.
Trend: ST Range; MT Ltd upside
Key levels Comment
1550** Intraday resistance
1540** Intraday resistance
1531* Intraday resistance
1518 Last
1509** Intraday pivot point
1504** Intraday support
1490** Intraday support
