Pivot: 1261.00
Our preference: SHORT positions below 1261 with 1222 1209 as next targets.
Alternative scenario: The upside penetration of 1261 will call for 1279 1286.
Comment: as long as 1261 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
1261*** Intraday pivot point
1240.05 Last
1222*** Intraday support
1209** Intraday support
1180** Intraday support
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