Pivot: 100.00
Our Preference: As long as 100 is resistance, look for choppy price action with a bearish bias.
Alternative Scenario: Above 100 eye a bounce towards 104.3 and 112.25 in extension.
Comment: the price is challenging a strong resistance at 100 and the RSI is just below a key resistance area.
Trend: ST Ltd downside; MT Range, we have been neutral since 2 OCT 2013 (101.5).
Key levels Comment
112.25 Horizontal resistance
104.3 Horizontal resistance
100 Pivot point
99.2 Last
91.7 Horizontal support
89.35 Horizontal support
85.7 Horizontal support
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