Pivot: 94.70
Our preference: SHORT positions below 94.7 with 92.6 91.6 as next targets.
Alternative scenario: The upside breakout of 94.7 will open the way to 95.85 96.65.
Comment: the contract is trading in a bearish channel.
Trend: ST Bullish; MT Bullish
Key levels Comment
96.65** Fib retracement (61.8%)
95.85** Fib retracement (50%)
94.7*** Intraday pivot point
93.34 Last
92.6** Intraday support
91.6** Intraday support
90.3** Intraday support
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