Pivot: 109.00
Our preference: LONG positions above 109 with 112.8 114 in sight.
Alternative scenario: The downside penetration of 109 will call for a slide towards 107.8 107.1.
Comment: the RSI is bullish and calls for further upside.
Trend: ST Consolidation; MT Bullish
Key levels Comment
115.4** Fib projection
114* Fib projection
112.8** Fib projection
111.54 Last
109*** Intraday pivot point
107.8** Intraday support
107.1** Intraday support
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