Pivot: 105.75
Our preference: LONG positions above 105.75 with 107.9 109 in sight.
Alternative scenario: The downside penetration of 105.75 will call for a slide towards 105 104.3.
Comment: the RSI is bullish and calls for further advance.
Trend: ST Consolidation; MT Bullish
Key levels Comment
109.4** Intraday resistance
109** Intraday resistance
107.9** Intraday resistance
107.47 Last
105.75*** Intraday pivot point
105** Intraday support
104.3** Intraday support
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