Type: Bullish PressureKey Levels:Resistance: 228.10Pivot: 220.20Support: 214.00Preferred Case:Price is near pivot level of 220.20 in line with 50% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 228.10, in line with 61.8% Fibonacci projection, with a graphical swing high resistance. Our bullish bias is further supported by price trading above the Ichimoku cloud indicator.Alternative Scenario:Price might also dip towards the 1st support level of 214.00 in line with 61.8% Fibonacci projection and 78.6%% Fibonacci retracement.Fundamentals:No Major News
Source: Tickmill