On Friday (21.08.2009) OSEBX closed at 307.36 up 2.5% from last trading day. Intraday high and low was 307.39 and 298.63. The last two weeks we have seen a more or less sideways movement for OSEBX. Resistance levels to pay attention to on the upside is 307.47 and 310.85. On the downside we see 305, ~ 304, 301 and 299 as the immediate levels to pay attention to. ADX is showing lover values indicating more sideways movement. +DI has increased sharply the last few days and must be seen as positive. RSI is about to reach the resistance level at 65 and what happens at this level will be important for the development the coming days.
Pivot points for tomorrow are PP = 304.46, S1 = 301.53, S2 = 295.69, R1 = 310.29, R2 = 313.22. 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
