Pivot: 1270.
Our Preference: As long as 1270 is support, look for rise towards 1415 1488.
Alternative scenario: A downside breakout of 1270 would open the way towards 1180.
Comment: The 20-MA crossed above the 50-MA and daily technical indicators are turning up.
Trend: ST Ltd upside; MT Range, we have been bearish since 21 DEC 2012 (1667).
Key levels Comment
1550 Key horizontal resistance
1488 Fib retracement (50%)
1415 Fib retracement (38.2%)
1366 Last
1270 Pivot point
1180 Horizontal support
1080 Horizontal support
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