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.