On Tuesday (13.10.2009) OSEBX closed at 335.17 down 0.8% from last trading day. Intraday high and low was 338.61 and 333.56. Resistance levels to look for are now mainly 341/342. Support levels to look for are 329.93, 322.76 and 316.96.
ADX has become slightly stronger lately but are still showing low values. The bulls are dominating the market but the domination can be said to be weak for the time being.
RSI value is at 62.71 but last major top is lower than the previous major top indicating a possible slowdown in momentum. If current development continues we could possibly see a fall for OSEBX the time to come.
Pivot points for tomorrow are PP = 335.78, S1 = 332.95, S2 = 330.73, R1 = 338.00, R2 = 340.83. 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
