Pivot: 94.80
Our preference: LONG positions above 94.8 with targets @ 96.75 97.2.
Alternative scenario: The downside penetration of 94.8 will call for a slide towards 93.35 92.9.
Comment: the RSI broke above a bearish trend line.
Trend: ST Range; MT Range
Key levels Comment
97.7** Intraday resistance
97.2** Intraday resistance
96.75** Intraday resistance
95.25 Last
94.8** Intraday pivot point
93.35** Fib retracement (38.2%)
92.9** Fib retracement (50%)
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