Pivot
4960.00
Our preference
Short positions below 4960.00 with targets at 4820.00 & 4720.00 in extension.
Alternative scenario
Above 4960.00 look for further upside with 5070.00 & 5121.00 as targets.
Comment
As long as 4960.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
5121.00 **
5070.00 ***
4960.00 ***
4890.25 Last
4820.00 ***
4720.00 ***
4695.00 **
Number of asterisks represents the strength of support and resistance levels.