Synthesis
Pivot point : 10.30
Our preference : short position below 10.30 with targets at 9.28 & 9.10 in extension.
Alternative scenario : above 10.30, aim for a continuation of the increase with 11.10 & 11.40 in your sights.
Comment
The RSI is arguing for a new downward leg.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Prices as of 06/20 | 9.49 |
| Basic trend | Neutral | Pivot | 10.30 |
| Bracket 1 | 9.28 | Additional distance 1 | – 0.21 |
| Bracket 2 | 9.10 | Additional distance 2 | – 0.39 |
| Resistance 1 | 10.30 | Additional variation 1 | -2.21% |
| Resistance 2 | 11.10 | Additional variation 2 | -4.11% |
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