Pivot: 108.00
Our preference: SHORT positions below 108 with 107.2 106.4 as next targets.
Alternative scenario: The upside penetration of 108 will call for 108.9 109.75.
Comment: the upward potential is likely to be limited by the resistance at 108.
Trend: ST Bullish; MT Bullish
Key levels Comment
109.75** Intraday resistance
108.9** Intraday resistance
108*** Intraday pivot point
107.83 Last
107.2** Intraday support
106.4** Intraday support
105.6** Intraday support
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