Pivot: 23.00
Our preference: LONG positions above 23 with targets @ 24.22 24.85.
Alternative scenario: The downside breakout of 23 will open the way to 22 20.25.
Comment: the RSI lacks downward momentum.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
25.6** Fib retracement (61.8%)
24.85** Fib retracement (50%)
24.22** Fib retracement (38.2%)
23.303 Last
23*** Intraday pivot point
22** Previous low
20.25** Fib projection
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