Pivot: 1232.00
Our preference: LONG positions above 1232 with 1267.5 1277 in sight.
Alternative scenario: The downside penetration of 1232 will call for a slide towards 1218 1208.
Comment: the price has broken above a declining trend line.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1290** Intraday resistance
1277** Intraday resistance
1267.5** Intraday resistance
1248.9 Last
1232*** Intraday pivot point
1218** Intraday support
1208** Intraday support
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