Pivot: 20.6
Our preference: Short positions below 20.6 with targets @ 19 18.2 in extension.
Alternative scenario: Above 20.6 look for further upside with 21.65 22.17 as targets.
Comment: the break below 20.6 is a negative signal that has opened a path to 19. Prices failed to break above a declining trend line in place since 2011 top.
Supports and resistances:
22.17
21.65
20.6
19.99 Last
19
18.2
14.7
Copyright 1999 – 2014 TRADING CENTRAL