Pivot: 116.30
Preference: short positions below 116.30 with targets at 111.50 & 109.75 in extension.
Alternative scenario: above 116.30 look for further upside with 118.50 & 121.75 as targets.
Comment: the RSI lacks upward momentum. Stochastic Oscillator across 80 area.
Supports and resistances:
121.75 **
118.50 ***
116.30 ***
113.81 Last
111.50 ***
109.75 **
107.40 ***
Preference: short positions below 116.30 with targets at 111.50 & 109.75 in extension.
Alternative scenario: above 116.30 look for further upside with 118.50 & 121.75 as targets.
Comment: the RSI lacks upward momentum. Stochastic Oscillator across 80 area.
Supports and resistances:
121.75 **
118.50 ***
116.30 ***
113.81 Last
111.50 ***
109.75 **
107.40 ***
