Pivot: 1261.
Our Preference: As long as 1252 is resistance, an extension of the downward track towards 1180 and 1134 in extension seems likely.
Alternative scenario: An upside breakout of 1361 would open the way towards 1434.
Comment: the RSI is bearish and calls for further decline.
Trend: ST Bearish; MT Bearish, we have been bearish since 21 NOV 2013 (1246).
Key levels Comment
1522 Key horizontal resistance
1434 Horizontal resistance
1361 Pivot point
1246 Last
1180 Horizontal support
1134 Fib projection
1080 Fib retracement (50%)
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