Update on supports and resistances. ( 17/02/2012 07:52 )
Pivot: 1716.00
Our Preference: LONG positions above 1716 with 1737 & 1742 as next targets.
Alternative scenario: The downside penetration of 1716 will call for a slide towards 1705 & 1692.
Comment: the RSI advocates for further advance.
Trend: ST Bullish; MT Bullish
Key levels Comment
1752* Horizontal resistance
1742** Intraday resistance
1737* Intraday resistance
1732 Last
1716*** Intraday pivot point
1705** Fib retracement (50%)
1692** Fib retracement (61.8%)
TIPS
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