Mid-day report

Momentum indicators show that it needs to be relieved, but we keep the bearish overview which is based on the previous discussed daily [double top] pattern with the neckline around 146.80 zones. Staying beneath 153.60 will protect this outlook.

The trading range for today is among key support at 145.50 and key resistance at 155.80.

The general trend is to the downside as far as 167.40 remains intact with target at116.00.

RecommendationOur morning expectation is still valid