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  • Stochastics and price action leaves the immedaite outlook neutral/bullish.
  • Bears are looking for a test of the 1302  support which will open 1295, 1290 while 1280 is a keen target.
  • 1275 remains the line in the sand to the downside but a clearance  below the cloud at 1295 offers a potential breakout trade below the rising channel.
  • 1250, comes as a key confluence area made up of Fibos and prior support and resistance.
  • On the next leg up, however, bulls can take on 1315/20 to open the runway towards 1332 which guards the 2019 highs as being the 19th Feb high of 1345.19.
  • Pivot support levels: 1303 1291 1285.
  • Pivot resistance levels: 1322 1328 1340.