Pivot: 1283.00
Our preference: LONG positions above 1283 with targets @ 1339 1349.
Alternative scenario: The downside penetration of 1283 will call for a slide towards 1266 1244.
Comment: the RSI is above its neutrality area at 50%.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1360** Horizontal resistance
1349** Horizontal resistance
1339** Horizontal resistance
1316.9 Last
1283*** Intraday pivot point
1266** Fib retracement (50%)
1244** Fib retracement (61.8%)
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