TECHNICAL ANALYSIS: Nikkei 225‏ (OSE)‏ (H18) Intraday: rebound expected

Nikkei 225‏ (OSE)‏ (H18) Intraday: rebound expected.

Pivot: 20940.00

Our preference: long positions above 20940.00 with targets at 21675.00 & 21855.00 in extension.

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Alternative scenario: below 20940.00 look for further downside with 20775.00 & 20540.00 as targets.

Comment: the RSI is supported by a rising trend line. The index broke above a bearish trend line.

Supports and resistances:
22150.00
21855.00
21675.00
21420.00 Last
20940.00
20775.00
20540.00

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