Today (25.02.2009) OSEBX closed at 211.23 up 0.9% from yesterday with intra day high and low of 216.07 and 209.38. As we can see from the chart there are some newly formed support and resistance levels and today the close was just below the 211.50 resistance level. At the moment it seems that OSEBX will move between 217.54 and 208.60 the coming days. If 208.60 fails 201.72 will be the next support level and on the upside if 217 is broken 222.43 is the next resistance level. ADX is starting to show higher values and -DI and +DI is indicating slightly more negative signals. Pivot points for tomorrow are PP = 212.22, S1 = 208.38, S2 = 205.53, R1 = 215.07, R2 = 218.91. An opening higher than PP tomorrow can be regarded as positive.
If you want to calculate pivot points for stocks that you follow or for OSEBX 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
