Pivot: 1389.00
Our preference: SHORT positions below 1389 with 1354 1338 in sight.
Alternative scenario: The upside penetration of 1389 will call for a rebound towards 1402 1423.
Comment: the RSI is mixed to bearish.
Trend: ST Bearish; MT Bearish
Key levels Comment
1423** Intraday resistance
1402** Fib retracement (61.8%)
1389** Intraday pivot point
1377.32 Last
1354** Intraday support
1338** Intraday support
1322*** Intraday support
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