Pivot: 107.80
Our preference: LONG positions above 107.8 with targets @ 109.4 110.2.
Alternative scenario: The downside penetration of 107.8 will call for a slide towards 107.1 106.4.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Consolidation; MT Bullish
Key levels Comment
110.55** Intraday resistance
110.2* Fib projection
109.4** Intraday resistance
108.86 Last
107.8*** Intraday pivot point
107.1** Intraday support
106.4** Intraday support
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