On Friday (13.11.2009) OSEBX closed at 347.65 up 0.5% from last trading day. Intraday high and low was 348.15 and 344.29. Resistance levels to pay attention to are 349.42, 352 and 356. Support levels are 343.32, 339.55 and 336.51.
ADX seems to have "flattened out" and are now rising. The bulls are dominating the market although a very weak domination.
RSI continue to stay within its rising channel and there are still room for further rise for OSEBX according to this RSI channel.
Pivot points for tomorrow are PP = 346.70, S1 = 345.24, S2 = 342.84, R1 = 349.10, R2 = 350.55. 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
