Pivot: 1642.00
Our Preference: SHORT positions below 1642 with 1629 & 1623 as next targets.
Alternative scenario: The upside breakout of 1642 will open the way to 1650 & 1661.
Comment: the RSI is bearish and calls for further downside.
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Pivot: 1640.00
Our Preference: LONG positions above 1640 with targets @ 1660 & 1665.
Alternative scenario: The downside penetration of 1640 will call for a slide towards 1630 & 1623.
Comment: intraday technical indicators are mixed and call for caution.
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