Bullish trade idea to 417
Pivot
407.80
My preference
Long positions above 407.80 with targets at 417.00 & 423.30 in extension.
Alternative scenario
Below 407.80 look for further downside with 401.00 & 397.00 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances
427.00
423.30
417.00
413.80 Last
407.80
401.00
397.00
407.80
My preference
Long positions above 407.80 with targets at 417.00 & 423.30 in extension.
Alternative scenario
Below 407.80 look for further downside with 401.00 & 397.00 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances
427.00
423.30
417.00
413.80 Last
407.80
401.00
397.00
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