Pivot: 21.55
Our preference: SHORT positions below 21.55 with 21.3 20.95 in sight.
Alternative scenario: The upside penetration of 21.55 will call for a rebound towards 21.7 22.
Comment: as long as 21.55 is resistance, look for choppy price action with a bearish bias.
Trend: ST Bearish; MT Bearish
Key levels Comment
22 Intraday resistance
21.7 Intraday resistance
21.55 Intraday pivot point
21.5 Last
21.3 Intraday support
20.95 Intraday support
20.8 Intraday support
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