Pivot: 108.60
Our preference: LONG positions above 108.6 with targets @ 110.55 111.1.
Alternative scenario: The downside penetration of 108.6 will call for 107.8 107.1.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Consolidation; MT Bullish
Key levels Comment
111.8** Fib projection
111.1* Fib projection
110.55** Fib projection
109.72 Last
108.6*** Intraday pivot point
107.8** Intraday support
107.1** Intraday support
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