Update on supports and resistances. ( 17/02/2012 07:55 )
Pivot: 101.00
Our Preference: LONG positions above 101 with 102.65 & 103.15 as next targets.
Alternative scenario: The downside penetration of 101 will call for 100 & 99.35.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
104** Intraday resistance
103.15** Intraday resistance
102.65** Intraday resistance
101.38 Last
101** Intraday pivot point
100* Fib retracement (50%)
99.35** Fib retracement (61.8%)
TIPS
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