Pivot: 102.20
Our Preference: Bullish as long as 102.2 is support with targets at 112.2 and 114.7 in extension.
Alternative Scenario: Below 102.2 eye a drop towards 99 and 91.3 in extension.
Comment: a support base at 102.2 has formed and has allowed for a temporary stabilisation.
Trend: ST Consolidation; MT Bullish, we have been bullish since 19 JUN 2013 (98.8).
Key levels Comment
118.75 Fib projection
114.7 Horizontal resistance
112.2 Horizontal resistance
103.63 Last
102.2 Pivot point
99 Horizontal support
91.3 Horizontal support
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