Pivot: 1670.00
Our Preference: SHORT positions below 1670 with 1639 & 1625 in sight.
Alternative scenario: The upside breakout of 1670 will open the way to 1680 & 1695.
Comment: a rising wedge pattern is taking place, a consolidation towards 1625 seems more likely.
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Pivot: 1667.00
Our Preference: SHORT positions below 1667 with 1646 & 1639 as next targets.
Alternative scenario: The upside penetration of 1667 will call for a rebound towards 1680 & 1695.
Comment: the upward potential is likely to be limited by the resistance at 1667.
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