Pivot: 1568.00
Our preference: SHORT positions below 1568 with 1549 1540 as next targets.
Alternative scenario: The upside penetration of 1568 will call for 1576 1583.
Comment: as long as 1568 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd downside; MT Range
Key levels Comment
1583** Intraday resistance
1576** Fib retracement (61.8%)
1568** Intraday pivot point
1561 Last
1549** Intraday support
1540** Intraday support
1525*** Horizontal support
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