Pivot: 105.00
Our preference: LONG positions above 105 with 107.4 108.6 in sight.
Alternative scenario: The downside penetration of 105 will call for a slide towards 104 102.
Comment: the RSI is above its neutrality area at 50%.
Trend: ST Bullish; MT Bullish
Key levels Comment
110* Fib projection
108.6* Fib projection
107.4** Previous high
106.47 Last
105*** Intraday pivot point
104** Intraday support
102** Intraday support
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