Pivot: 98.50
Our preference: LONG positions above 98.5 with 99.45 100.1 in sight.
Alternative scenario: The downside penetration of 98.5 will call for a slide towards 97.85 97.25.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Ltd downside; MT Range
Key levels Comment
100.9** Intraday resistance
100.1** Intraday resistance
99.45** Intraday resistance
98.98 Last
98.5*** Intraday pivot point
97.85** Intraday support
97.25** Intraday support
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