Pivot (invalidation): 1200.00
Our preference Long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension.
Alternative scenario Below 1200.00 look for further downside with 1196.00 & 1192.50 as targets.
Comment The RSI advocates for further upside. The prices are trading above both the 20-period and 50-period moving averages while striking against the upper boundary of Bollinger band.
