Pivot: 105.25
Our preference: LONG positions above 105.25 with targets @ 107.5 108.9.
Alternative scenario: The downside penetration of 105.25 will call for a slide towards 103.8 102.7.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Consolidation; MT Bullish
Key levels Comment
110.7** Intraday resistance
108.9** Intraday resistance
107.5** Intraday resistance
106.74 Last
105.25** Intraday pivot point
103.8** Intraday support
102.7*** Intraday support
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