Pivot: 1478.00
Our preference: SHORT positions below 1478 with 1425 1410 as next targets.
Alternative scenario: The upside penetration of 1478 will call for a rebound towards 1495 1510.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1510** Fib retracement (50%)
1495** Intraday resistance
1478** Intraday pivot point
1449.8 Last
1425** Intraday support
1410** Fib projection
1385** Fib projection
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