Pivot: 105.50
Our preference: LONG positions above 105.5 with 108.6 109.15 as next targets.
Alternative scenario: The downside penetration of 105.5 will call for a slide towards 104.3 103.55.
Comment: technically, the RSI is above its neutrality area at 50.
Trend: ST Bullish; MT Bullish
Key levels Comment
110** Intraday resistance
109.15** Fib retracement (61.8%)
108.6*** Intraday resistance
107.05 Last
105.5** Intraday pivot point
104.3** Intraday support
103.55** Intraday support
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