Pivot: 98.95
Our preference: LONG positions above 98.95 with targets @ 100.1 100.4.
Alternative scenario: The downside breakout of 98.95 will open the way to 98.5 97.85.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Trend: ST Ltd downside; MT Range
Key levels Comment
100.9** Intraday resistance
100.4** Intraday resistance
100.1** Intraday resistance
99.57 Last
98.95** Intraday pivot point
98.5*** Intraday support
97.85** Intraday support
Copyright 1999 – 2013 TRADING CENTRAL