On Friday (25.09.2009) OSEBX closed at 319.00 up 0.6% from last trading day. Intraday high and low was 321.96 and 317.01. Resistance levels to look for are 320.85 and 329.87. Support levels are 315.27 and 310.76.
ADX has become stronger as OSEBX has risen. On the other hand the last few days we have seen a drop for OSEBX and the upward momentum. It is still a bit early to conclude if we are facing a coming downturn. The 310.76 level will be important to pay attention to if we see a fall for OSEBX the coming days.
RSI value is at 56.78 and as with ADX we also see the slowdown in momentum here.
Pivot points for tomorrow are PP = 319.32, S1 = 316.69, S2 = 314.38, R1 = 321.64, R2 = 324.27. 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
