Pivot: 89.00
Our preference: SHORT positions below 89 with 86 84.2 in sight.
Alternative scenario: The upside penetration of 89 will call for a rebound towards 90.4 91.8.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Trend: ST Bearish; MT Range
Key levels Comment
91.8** Intraday resistance
90.4** Fib retracement (50%)
89** Intraday pivot point
88.88 Last
86** Previous low
84.2** Intraday support
83** Intraday support
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