Pivot: 106.70
Our preference: LONG positions above 106.7 with 108.15 108.75 in sight.
Alternative scenario: The downside penetration of 106.7 will call for a slide towards 105.6 105.
Comment: technically, the RSI is above its neutrality area at 50.
Trend: ST Consolidation; MT Bullish
Key levels Comment
109.1** Intraday resistance
108.75*** Intraday resistance
108.15** Intraday resistance
107.47 Last
106.7*** Intraday pivot point
105.6* Intraday support
105** Intraday support
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