Pivot: 90.95
Our Preference: Bullish as long as 90.95 is support with targets at 100.6 and 106.
Alternative Scenario: Below 90.95 eye a drop towards 85.6 and 77.3 in extension.
Comment: the false breakout above the declining trend line is calling for caution.
Trend: ST Range; MT Bullish, we have been bullish since 19 JUN 2013 (98.8).
Key levels Comment
109.6 Horizontal resistance
106 Horizontal resistance
100.6 Horizontal resistance
94.55 Last
90.95 Pivot point
85.6 Fib retracement (38.2%)
77.3 Horizontal support
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