Pivot: 23.90
Our preference: SHORT positions below 23.9 with targets @ 23.5 23.15.
Alternative scenario: The upside penetration of 23.9 will call for a rebound towards 24.18 24.45.
Comment: as long as 23.9 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
24.45** Intraday resistance
24.18** Intraday resistance
23.9** Intraday pivot point
23.751 Last
23.5* Intraday support
23.15* Intraday support
22.85** Fib projection
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