Pivot: 1282.00
Our preference: LONG positions above 1282 with targets @ 1297 1307.
Alternative scenario: The downside penetration of 1282 will call for 1273 1266.
Comment: the price has broken above the upper end of a declining channel. The 50 moving average is turning upward and is a possible area of support.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1320** Intraday resistance
1307** Intraday resistance
1297** Intraday resistance
1288.8 Last
1282** Intraday pivot point
1273*** Intraday support
1266** Intraday support
Copyright 1999 – 2013 TRADING CENTRAL