Short positions below 5550.00 with targets at 5420.00 & 5360.00 in extension.
Pivot: 5550.00
Our preference: short positions below 5550.00 with targets at 5420.00 & 5360.00 in extension.
Alternative scenario: above 5550.00 look for further upside with 5595.00 & 5620.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 5550.00.
Supports and resistances:
5620.00
5595.00
5550.00
5523.00 Last
5420.00
5360.00
5300.00