Pivot: 24.00
Our preference: SHORT positions below 24 with 22 21.1 as next targets.
Alternative scenario: The upside penetration of 24 will call for 24.85 25.6.
Comment: as long as 24 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
25.6** Intraday resistance
24.85** Intraday resistance
24** Intraday pivot point
23.043 Last
22*** Previous low
21.1** Fib projection
20.25** Fib projection
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