Update on supports and resistances. ( 27/02/2012 07:30 )
Pivot: 108.50
Our Preference: LONG positions above 108.5 with 110.3 & 110.9 as next targets.
Alternative scenario: The downside penetration of 108.5 will call for 107.9 & 106.75.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
111.55** Fib projection
110.9** Fib projection
110.3** Fib projection
109.38 Last
108.5** Intraday pivot point
107.9** Intraday support
106.75** Intraday support
TIPS:
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