Update on supports and resistances. ( 22/02/2012 07:39 )
Pivot: 104.70
Our Preference: LONG positions above 104.7 with 106.5 & 107.5 as next targets.
Alternative scenario: The downside penetration of 104.7 will call for 103.9 & 102.3.
Comment: the RSI is bullish and calls for further upside.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
108** Intraday resistance
107.5** Intraday resistance
106.5** Intraday resistance
106.16 Last
104.7** Intraday pivot point
103.9** Intraday support
102.3** Intraday support
TIPS
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