Pivot: 105.50
Our preference: LONG positions above 105.5 with targets @ 107.15 107.75.
Alternative scenario: The downside penetration of 105.5 will call for 105 103.6.
Comment: the RSI calls for a new upleg.
Trend: ST Consolidation; MT Bullish
Key levels Comment
108.75*** Fib projection
107.75** Intraday resistance
107.15** Intraday resistance
106.89 Last
105.5* Intraday pivot point
105* Intraday support
103.6** Intraday support
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