Pivot: 114.75
Preference: short positions below 114.75 with targets at 109.50 & 107.30 in extension.
Alternative scenario: above 114.75 look for further upside with 116.00 & 118.65 as targets.
Comment: as long as the resistance at 114.75 is not surpassed, the risk of the break below 109.50 remains high.
Supports and resistances:
118.65 **
116.00 *
114.75 ***
112.74 Last
109.50 ***
107.30 *
105.50 **
Preference: short positions below 114.75 with targets at 109.50 & 107.30 in extension.
Alternative scenario: above 114.75 look for further upside with 116.00 & 118.65 as targets.
Comment: as long as the resistance at 114.75 is not surpassed, the risk of the break below 109.50 remains high.
Supports and resistances:
118.65 **
116.00 *
114.75 ***
112.74 Last
109.50 ***
107.30 *
105.50 **