Pivot: 105.10
Our preference: SHORT positions below 105.1 with targets @ 103.1 101.9.
Alternative scenario: The upside penetration of 105.1 will call for 106.1 106.9.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Consolidation; MT Bullish
Key levels Comment
106.9** Intraday resistance
106.1** Intraday resistance
105.1** Intraday pivot point
103.62 Last
103.1** Intraday support
101.9** Intraday support
100.85** Intraday support
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