Update on supports and resistances.

Resistance3 : 119.75
Resistance2 : 116.75
Resistance1 : 113.5
Last Price : 109.7
Pivot Point: 113.5
Support1 : 108
Support2 : 105.5
Support3 : 103

Pivot: 113.5

Our preference: Short positions below 113.5 with targets @ 108 & 105.5 in extension.

Alternative scenario: Above 113.5 look for further upside with 116.75 & 119.75 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

119.75
116.75
113.5
109.7 (last)
108
105.5
103



*USD/CAD Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the CANADIAN DOLLAR. For details go to www.ise.com