28 April 2011

Pivot: 1518.00

Most Likely Scenario: LONG positions above 1518 with 1540 & 1555 in sight.

Alternative scenario: The downside breakout of 1518 will open the way to 1510 & 1500.

Comment: The break above 1518 is a positive signal that has opened a path to 1540-1555.

27 April 2011

Pivot: 1511.00

Most Likely Scenario: SHORT positions below 1511 with 1500 & 1490 in sight.

Alternative scenario: The upside penetration of 1511 will call for a rebound towards 1520 & 1527.

Comment: The price is facing a resistance area around 1508.

today

Pivot: 1497.00

Most Likely Scenario: LONG positions above 1497 with targets @ 1511.7 & 1516.7.

Alternative scenario: The downside breakout of 1497 will open the way to 1487.5 & 1476.5.

Comment: The price is supported by a rising trend line.

20 April 2011

Pivot: 1493.00

Most Likely Scenario: LONG positions above 1493 with targets @ 1505 & 1511.7.

Alternative scenario: The downside breakout of 1493 will open the way to 1476 & 1465.

Comment: The RSI broke above a declining trend line and the price is supported by a rising trend line.

today 19 April 2011

Pivot: 1483.00

Most Likely Scenario: LONG positions above 1483 with targets @ 1497 & 1505.

Alternative scenario: The downside penetration of 1483 will call for 1476 & 1471.

Comment: The price stands in a bullish channel.

18hb April 2011

Pivot: 1471.00

Most Likely Scenario: LONG positions above 1471 with 1497 & 1505 in sight.

Alternative scenario: The downside penetration of 1471 will call for a slide towards 1460 & 1445.

Comment: The RSI is supported by a rising trend line. Further upside to 1505 seems likey.

today 14 April 2011

Pivot: 1451.00

Most Likely Scenario: LONG positions above 1451 with 1467 & 1471 in sight.

Alternative scenario: The downside breakout of 1451 will open the way to 1445 & 1439.

Comment: The RSI is supported by a bullish trend line.

today 12 april 11

Pivot: 1467.00

Most Likely Scenario: SHORT positions below 1467 with 1452 & 1445 as next targets.

Alternative scenario: The upside penetration of 1467 will call for a rebound towards 1476 & 1483.

Comment: From current levels, a technical rebound cannot be ruled out before a new test of 1452.

08 April 11

Pivot: 1456.00

Most Likely Scenario: LONG positions above 1456 with targets @ 1470 & 1473.

Alternative scenario: The downside breakout of 1456 will open the way to 1447 & 1439.

Comment: The RSI advocates for further advance.

07 april 2011

Pivot: 1447.00

Most Likely Scenario: LONG positions above 1447 with 1461 & 1465 in sight.

Alternative scenario: The downside penetration of 1447 will call for 1439 & 1430.

Comment: The immediate trend remains down but the momentum is weak.

today 06 April 11

Pivot: 1447.00

Most Likely Scenario: LONG positions above 1447 with 1465 & 1470 as next targets.

Alternative scenario: The downside breakout of 1447 will open the way to 1439 & 1430.

Comment: The RSI is mixed to bullish.

05 April 2011

Pivot: 1429.00

Most Likely Scenario: LONG positions above 1429 with targets @ 1441 & 1447.

Alternative scenario: The downside breakout of 1429 will open the way to 1422 & 1413.

Comment: The RSI is above its neutrality area at 50%.

04/04/11

Pivot: 1422.00

Most Likely Scenario: LONG positions above 1422 with targets @ 1437 & 1441.

Alternative scenario: The downside penetration of 1422 will call for 1418 & 1413.

Comment: the price bounced off its key support level around 1413 and the RSI is upside oriented.