Pivot: 1258.00
Our preference: SHORT positions below 1258 with 1226 1209 in sight.
Alternative scenario: The upside penetration of 1258 will call for a rebound towards 1279 1286.
Comment: as long as 1258 is resistance, look for choppy price action with a bearish bias.
Trend: ST Bearish; MT Ltd downside
Key levels Comment
1286** Intraday resistance
1279** Intraday resistance
1258*** Intraday pivot point
1246.2 Last
1226** Intraday support
1209** Intraday support
1180** Intraday support
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