Pivot: 99.90.
Our preference: LONG positions above 99.9 with 100.85 101.25 in sight.
Alternative scenario: The downside penetration of 99.9 will call for 99.2 98.9.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Trend: ST Consolidation; MT Bullish
Key levels Comment
101.55* Intraday resistance
101.25** Intraday resistance
100.85*** Previous high
100.05 Last
99.9*** Intraday pivot point
99.2** Rising trendline
98.9** Intraday support
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