Update on supports and resistances. ( 22/02/2012 19:50 )
Pivot: 105.55
Our Preference: LONG positions above 105.55 with 106.45 & 107.5 as next targets.
Alternative scenario: The downside breakout of 105.55 will open the way to 104.7 & 103.9.
Comment: a rectangle pattern is taking place.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
108** Intraday resistance
107.5** Intraday resistance
106.45** Intraday resistance
105.86 Last
105.55** Intraday pivot point
104.7** Intraday support
103.9** Intraday support
TIPS
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