Today Thursday (10.06.2010) OSEBX closed at 352.95 up 1.4% from last trading day. Intraday high and low was 352.95 and 343.58. Resistance levels to pay attention to are 353.41, 357.49 and 361.66. Support levels are found at 344.13, 343.21 and 326.71.
ADX seems to have "flattend out" and are now weakly falling. The bears are currently dominating the market although a weak domination.
RSI continue to stay within its "defined" wedge from where there are still room for further rise before reaching the resistance line. There are also room for some decline for OSEBX now. From the wedge and its support and resistance levels it seems to coincide quite well with the major support and resistance levels we see in the OSEBX chart - resistance at 357.49 and support at 344.13.
Pivot points for tomorrow are PP = 349.83, S1 = 346.70, S2 = 340.46, R1 = 356.07, R2 = 359.20. 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
