Pivot: 97.20
Our preference: SHORT positions below 97.2 with 94.65 92.95 as next targets.
Alternative scenario: The upside penetration of 97.2 will call for a rebound towards 98 99.5.
Comment: as long as the resistance at 97.2 is not surpassed, the risk of the break below 94.65 remains high.
Trend: ST Bearish; MT Range
Key levels Comment
99.5** Intraday resistance
98** Intraday resistance
97.2*** Intraday pivot point
95.65 Last
94.65** Fib retracement (38.2%)
92.95*** Fib retracement (61.8%)
90.2** Previous low
Copyright 1999 – 2013 TRADING CENTRAL