Pivot: 1242.00
Our preference: LONG positions above 1242 with 1279 1294 as next targets.
Alternative scenario: The downside penetration of 1242 will call for a slide towards 1226 1212.
Comment: the RSI is supported by a bullish trend line.
Trend: ST Bearish; MT Ltd downside
Key levels Comment
1305** Intraday resistance
1294** Intraday resistance
1279*** Intraday resistance
1263.4 Last
1242** Intraday pivot point
1226** Intraday support
1212** Intraday support
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