Pivot: 94.45

Our preference: SHORT positions below 94.45 with 93 & 92.2 in sight.

Alternative scenario: The upside penetration of 94.45 will call for a rebound towards 95 & 95.55.

Comment: as long as 94.45 is resistance, look for choppy price action with a bearish bias.

Trend: ST Range; MT Range

Key levels Comment

95.55** Intraday resistance
95** Intraday resistance
94.45** Intraday pivot point
93.53 Last
93** Intraday support
92.2** Intraday support
91.4* Intraday support