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Under Pressure
Our Pivot: 105.10
Our Preference: Short sell below 100.60 and average it out till 102.50 with strict stop loss of 105.10 and profit target at 91.90 with extension towards 86.75.
Alternate Scenario: Upward penetration of 105.10 will call for 108.75 and 110.30.
NOTE: PIOC have penetrated back inside its previous bearish price channel.
Chart with supports & resistances:
PIOC 3
Level | 1st | 2nd | 3rd | Supports | 95.27 | 91.14 | 87.27 | Resistances | 103.27 | 107.14 | 111.27 |
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