Pivot: 1378.00
Our preference: SHORT positions below 1378 with 1354 1338 as next targets.
Alternative scenario: The upside penetration of 1378 will call for a rebound towards 1394 1402.
Comment: as long as 1378 is resistance, likely decline to 1354.
Trend: ST Bearish; MT Bearish
Key levels Comment
1402** Intraday resistance
1394** Intraday resistance
1378*** Intraday pivot point
1373.6 Last
1354** Intraday support
1338** Intraday support
1322** Intraday support
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