Pivot: 22.80
Our preference: SHORT positions below 22.8 with targets @ 22.1 21.8.
Alternative scenario: The upside penetration of 22.8 will call for 23.05 23.5.
Comment: as long as 22.8 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
23.5** Intraday resistance
23.05** Intraday resistance
22.8** Intraday pivot point
22.632 Last
22.1*** Previous low
21.8** Fib projection
21.3*** Horizontal support
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