Pivot: 1340.00
Our preference: SHORT positions below 1340 with 1309 1298 in sight.
Alternative scenario: The upside penetration of 1340 will call for a rebound towards 1348 1357.
Comment: the RSI is mixed with a bearish bias.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
1357** Horizontal resistance
1348** Horizontal resistance
1340** Intraday pivot point
1321.47 Last
1309** Intraday support
1298*** Intraday support
1283** Intraday support
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