On Friday (30.10.2009) OSEBX closed at 331.27 down 1.9% from last trading day. Intraday high and low was 340.92 and 329.38. Resistance levels to pay attention to now are 336, 339 and 342. Support levels are 330, 325/326 and 319.
ADX is again falling and we see that the bears are dominating the market for the time being. This domination is currently weak but we must pay close attention to how this developes the days to come.
RSI value is at 48.76 and there is a negative tendency seen here now. There are no "proper" tops to be seen for RSI the last days so again we must look closely how this developes the coming days.
Pivot points for tomorrow are PP = 333.86, S1 = 326.79, S2 = 322.32, R1 = 338.33, R2 = 345.39. An opening higher than PP tomorrow can be regarded as positive.
If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here:
http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page).
Happy trading.
SB
