Pivot: 1326.00
Our preference: SHORT positions below 1326 with targets @ 1275 1265.
Alternative scenario: The upside breakout of 1326 will open the way to 1351 1375.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Bearish; MT Bearish
Key levels Comment
1375** Intraday resistance
1351** Fib retracement (61.8%)
1326** Intraday pivot point
1295.13 Last
1275* Fib projection
1265*** Horizontal support
1230* Fib projection
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