Price is holding well above our buying level and is displaying better technical elements. 113.00 remains the key level to buy above (horizontal support + Fibonacci retracement). We highlight a new risk level to take 50% profit at 114.05; the stop loss should be moved to breakeven if it reaches this level and play the further rise to 114.65.
RSI (21) has reacted off 90% and as expected, has bounced off our pullback support showing a rise is resuming in price again.
Stochastics (21,5,3) is above our ascending support line showing a rise in progress.
Buy above 113.00. Stop Loss at 112.20. 1st Take profit at 114.05, 2nd Take profit at 114.65.
