Pivot: 1245.00
Our preference: SHORT positions below 1245 with 1208 1187 as next targets.
Alternative scenario: The upside penetration of 1245 will call for 1259 1267.5.
Comment: as long as 1245 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1267.5** Intraday resistance
1259** Intraday resistance
1245*** Intraday pivot point
1232.83 Last
1208** Intraday support
1187** Intraday support
1180** Intraday support
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