Mid-day report

In addition to the harmonic negative scenario which we discussed this morning, a negative divergence is underway for the time being. Hence, we keep our overview to the downside for the rest of the day. Note that goodvolumeis needed to activate the bearish scenario.

The trading range for today is among the key support at 14.75 and key resistance now at 16.85.

The general trend is to the upside as far as 10.95 remains intact with targets at 16.85.

RecommendationOur mornig expectation is still valid