Pivot: 1400.
Our preference: Long above 1400 with 1565 & 1618 in sight.
Alternative scenario: A downside breakout of 1400 would open the way towards 1308.
Comment: even though a consolidation cannot be ruled out, its extent should be limited.
Trend: ST Range; MT Bullish, we have been bullish since 17 FEB 2010 (1114).
Key levels Comment
1755 Fib projection1618 Fib projection1565 Fib projection1537 Last1400 Pivot point1308 Horizontal support1240 Horizontal support
Our preference: Long above 1400 with 1565 & 1618 in sight.
Alternative scenario: A downside breakout of 1400 would open the way towards 1308.
Comment: even though a consolidation cannot be ruled out, its extent should be limited.
Trend: ST Range; MT Bullish, we have been bullish since 17 FEB 2010 (1114).
Key levels Comment
1755 Fib projection1618 Fib projection1565 Fib projection1537 Last1400 Pivot point1308 Horizontal support1240 Horizontal support
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