Type: Bearish ReversalKey Levels:Resistance: 1081.6Pivot: 1068.6Support: 1032.6Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a further bearish continuation from our Pivot at 1068.6 in line graphical overlap, descending trendline, 50% Fibonacci retracement and 23.6% Fibonacci retracement towards our 1st support at 1032.6 in line with 61.8% Fibonacci projection. Our bearish bias is further supported by Ichimoku trading below our Ichimoku cloud resistance.Alternative Scenario: If prices were to climb further, they can potentially rise towards our 1st resistance at 1081.6 in line with 50% Fibonacci Retracement.Fundamentals:No major news.
Source: Tickmill