Pivot: 105.80
Our preference: LONG positions above 105.8 with 107.95 108.5 in sight.
Alternative scenario: The downside penetration of 105.8 will call for a slide towards 105.25 104.6.
Comment: the RSI is mixed with a bullish bias.
Trend: ST Consolidation; MT Bullish
Key levels Comment
109.2** Intraday resistance
108.5** Intraday resistance
107.95*** Intraday resistance
106.84 Last
105.8** Intraday pivot point
105.25** Intraday support
104.6** Intraday support
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