Pivot: 21.
Our Preference: As long as 20.60 is support, a test of 25.10 seems likely.
Alternative scenario: A downward breakout of 20.6 would open the way towards 18.20.
Comment: the double bottom pattern has bullish implications. The break above the declining trend line would be a key signal for further recovery towards 25.1.
Trend: ST Bullish; MT Range, we have been bullish since 30 OCT 2013 (22.96).
Key levels Comment
26 Horizontal resistance
25.1 Horizontal resistance
23.05 Horizontal resistance
21.83 Last
20.6 Pivot point
18.2 Horizontal support
14.7 Horizontal support
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