Pivot: 105.70
Our preference: LONG positions above 105.7 with 108.2 108.75 in sight.
Alternative scenario: The downside penetration of 105.7 will call for 104.4 103.75.
Comment: the RSI is well directed.
Trend: ST Consolidation; MT Bullish
Key levels Comment
109.4** Intraday resistance
108.75** Intraday resistance
108.2** Intraday resistance
107.5 Last
105.7*** Intraday pivot point
104.4** Intraday support
103.75** Intraday support
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