0
49
Pivot
(invalidation):
108.45
Our preference
Short positions below 108.45 with targets at 108.20 & 108.00 in extension.
Alternative scenario
Above
108.45 look for further upside with 108.65 & 108.85 as targets.
Comment
The index currently faces a challenging resistance area at 108.45. Having repeatedly failed to
break above
the key resistance at 108.45, the pair has returned to the lower Bollinger band.
