Type: Bearish DipKey Levels:Resistance: 219.25Pivot: 217.20Support: 212.45Preferred Case:We see the potential for bearish reversal from our Pivot level at 217.50 in line 23.6% Fibonacci retracement towards our 1st Support at 212.45 in line with 61.8% Fibonacci projection. Our bearish bias is supported by price trading below the Ichimoku cloud indicator.Alternative Scenario:If price continues to go up, it can potentially move towards our 1st Resistance level at 219.25 which is in line with 38.2% Fibonacci retracement.Fundamentals:No Major News.
Source: Tickmill