Pivot: 1535.00

Most Likely Scenario: LONG positions above 1535 with 1567 & 1577 as next targets.

Alternative scenario: The downside breakout of 1535 will open the way to 1525 & 1518.

Comment: The1535 support area is expected to favour another leg up.

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.