Pivot: 98.50
Our preference: LONG positions above 98.5 with targets @ 99.45 100.1.
Alternative scenario: The downside penetration of 98.5 will call for a slide towards 97.85 97.25.
Comment: the RSI lacks downward momentum.
Trend: ST Ltd downside; MT Range
Key levels Comment
100.9** Intraday resistance
100.1** Intraday resistance
99.45** Intraday resistance
98.76 Last
98.5*** Intraday pivot point
97.85** Intraday support
97.25** Intraday support
Copyright 1999 – 2013 TRADING CENTRAL