Update on supports and resistances. ( 21/02/2012 11:37 )
Pivot: 1730.00
Our Preference: LONG positions above 1730 with 1743 & 1752 in sight.
Alternative scenario: The downside penetration of 1730 will call for a slide towards 1716 & 1705.
Comment: a bullish triangle is confirmed, further upside more likely.
Trend: ST Bullish; MT Bullish
Key levels Comment
1762** Intraday resistance
1752* Intraday resistance
1743* Intraday resistance
1737.78 Last
1730** Intraday pivot point
1716** Intraday support
1705** Fib retracement (50%)
TIPS
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