Type: Bullish BounceKey Levels:Resistance: 244.90Pivot: 226.85Support: 214.55Preferred Case:Prices are on bullish momentum. We see the potential for a bounce from our Pivot at 226.85 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection towards our 1st resistance at 244.90 in line with 78.6% Fibonacci retracement. Our bullish bias is supported by the stochastic indicator as it is at support level.Alternative Scenario: Otherwise, prices can potentially dip towards our 1st support at 214.55 in line with 78.6% Fibonacci retracement, which is also a graphical overlap support.Fundamentals:No major news.
Source: Tickmill