Most Likely Scenario: SHORT positions below 1808 with 1745 & 1725 as next targets.
Alternative scenario: The upside penetration of 1808 will call for a rebound towards 1840 & 1886.
Comment: The RSI is capped by a bearish trend line.
Friday, September 16, 2011
16 sept 2011
Pivot: 1808.00
Most Likely Scenario: SHORT positions below 1808 with 1745 & 1725 as next targets.
Alternative scenario: The upside penetration of 1808 will call for a rebound towards 1840 & 1886.
Comment: The RSI is capped by a bearish trend line.
Most Likely Scenario: SHORT positions below 1808 with 1745 & 1725 as next targets.
Alternative scenario: The upside penetration of 1808 will call for a rebound towards 1840 & 1886.
Comment: The RSI is capped by a bearish trend line.
Tuesday, September 13, 2011
13 sept 11
Pivot: 1855.00
Most Likely Scenario: SHORT positions below 1855 with 1795 & 1770 as next targets.
Alternative scenario: The upside penetration of 1855 will call for 1886 & 1900.
Comment: The price is pulling back on its former rising trend line, further donwside seems likely.
Most Likely Scenario: SHORT positions below 1855 with 1795 & 1770 as next targets.
Alternative scenario: The upside penetration of 1855 will call for 1886 & 1900.
Comment: The price is pulling back on its former rising trend line, further donwside seems likely.
Monday, September 12, 2011
12 sept 11
Pivot: 1870.00
Most Likely Scenario: SHORT positions below 1870 with targets @ 1825 & 1795.
Alternative scenario: The upside penetration of 1870 will call for 1886 & 1900.
Comment: The index currently faces a challenging resistance area at 1870.
Most Likely Scenario: SHORT positions below 1870 with targets @ 1825 & 1795.
Alternative scenario: The upside penetration of 1870 will call for 1886 & 1900.
Comment: The index currently faces a challenging resistance area at 1870.
Friday, September 9, 2011
09 sept 2011
Pivot: 1846.00
Most Likely Scenario: LONG positions above 1846 with 1883 & 1900 as next targets.
Alternative scenario: The downside penetration of 1846 will call for a slide towards 1830 & 1800.
Comment: The immediate trend remains up but the momentum is weak.
Most Likely Scenario: LONG positions above 1846 with 1883 & 1900 as next targets.
Alternative scenario: The downside penetration of 1846 will call for a slide towards 1830 & 1800.
Comment: The immediate trend remains up but the momentum is weak.
Thursday, September 8, 2011
08 sept 11
Pivot: 1865.00
Most Likely Scenario: SHORT positions below 1865 with 1800 & 1775 in sight.
Alternative scenario: The upside breakout of 1865 will open the way to 1920 & 1940.
Comment: The RSI is capped by a declining trend line.
Most Likely Scenario: SHORT positions below 1865 with 1800 & 1775 in sight.
Alternative scenario: The upside breakout of 1865 will open the way to 1920 & 1940.
Comment: The RSI is capped by a declining trend line.
Wednesday, September 7, 2011
07 sept 2011
Pivot: 1870.00
Most Likely Scenario: SHORT positions below 1870 with 1810 & 1790 as next targets.
Alternative scenario: The upside breakout of 1870 will open the way to 1920 & 1940.
Comment: the 20 period moving average should maintain downward pressure.
Most Likely Scenario: SHORT positions below 1870 with 1810 & 1790 as next targets.
Alternative scenario: The upside breakout of 1870 will open the way to 1920 & 1940.
Comment: the 20 period moving average should maintain downward pressure.
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