Pivot: 104.10
Our preference: LONG positions above 104.1 with 106.25 106.95 in sight.
Alternative scenario: The downside penetration of 104.1 will call for a slide towards 103.5 103.1.
Comment: the RSI calls for a bounce.
Trend: ST Consolidation; MT Bullish
Key levels Comment
107.5** Intraday resistance
106.95** Intraday resistance
106.25** Intraday resistance
105.2 Last
104.1** Intraday pivot point
103.5** Intraday support
103.1** Intraday support
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