Pivot: 1295.00
Our preference: SHORT positions below 1295 with 1254 1240 as next targets.
Alternative scenario: The upside penetration of 1295 will call for 1309 1316.
Comment: the price is capped by a declining trend line and the RSI is capped by a bearish trend line.
Trend: ST Bearish; MT Bearish
Key levels Comment
1316** Intraday resistance
1309** Intraday resistance
1295*** Intraday pivot point
1269.66 Last
1254** Intraday support
1240** Intraday support
1206** Intraday support
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