Pivot: 28.40
Our preference: SHORT positions below 28.4 with 27.85 27.6 as next targets.
Alternative scenario: The upside penetration of 28.4 will call for a rebound towards 28.6 29.
Comment: as long as 28.4 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd downside; MT Range
Key levels Comment
29** Intraday resistance
28.6** Intraday resistance
28.4** Intraday pivot point
28.12 Last
27.85** Previous low
27.6* Fib projection
27.3** Fib projection
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