Pivot: 106.90
Our preference: LONG positions above 106.9 with targets @ 108.9 109.5.
Alternative scenario: The downside penetration of 106.9 will call for a slide towards 106.3 105.7.
Comment: technically, the RSI is above its neutrality area at 50.
Trend: ST Bullish; MT Bullish
Key levels Comment
111.1* Fib projection
109.5* Fib projection
108.9* Previous high
108.27 Last
106.9** Intraday pivot point
106.3** Fib retracement (50%)
105.7** Fib retracement (61.8%)
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