Pivot: 1240.00
Our preference: SHORT positions below 1240 with 1209 1194 as next targets.
Alternative scenario: The upside penetration of 1240 will call for a rebound towards 1258 1279.
Comment: the RSI is bearish and calls for further downside.
Trend: ST Bearish; MT Ltd downside
Key levels Comment
1279** Intraday resistance
1258** Intraday resistance
1240*** Intraday pivot point
1222.05 Last
1209** Intraday support
1194** Intraday support
1180** Intraday support
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