Pivot: 99.40
Our preference: SHORT positions below 99.4 with 97.85 97.25 as next targets.
Alternative scenario: The upside penetration of 99.4 will call for 100.1 100.4.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Trend: ST Ltd downside; MT Range
Key levels Comment
100.4** Intraday resistance
100.1** Intraday resistance
99.4*** Intraday pivot point
98.75 Last
97.85** Intraday support
97.25** Intraday support
96.55** Intraday support
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