Pivot: 20.6
Our preference: Short positions below 20.6 with targets @ 18.2 15.65 in extension.
Alternative scenario: Above 20.6 look for further upside with 23.05 25.1 as targets.
Comment: the RSI is mixed and calls for caution. The price is capped by a declining trend line in place since late 2012 and is pressured by a former support at 20.6 now acting as a resistance.
Supports and resistances:
25.1
23.05
20.6
20.3 Last
18.2
15.65
14.7
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