Pivot: 1242.00
Our preference: LONG positions above 1242 with targets @ 1279 1294.
Alternative scenario: The downside penetration of 1242 will call for 1226 1212.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Trend: ST Bearish; MT Ltd downside
Key levels Comment
1305** Intraday resistance
1294** Intraday resistance
1279** Intraday resistance
1254.85 Last
1242*** Intraday pivot point
1226** Intraday support
1212** Intraday support
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