Nikkei 225 may rise to 35900 - 37000

Pivot

33700

Our preference

Long positions above 33700 with targets at 35900 & 37000 in extension.

Alternative scenario

Below 33700 look for further downside with 32200 & 31200 as targets.

Comment

The RSI has broken up its 30 level.

Supports and resistances

38100 **

37000 **

35900 ***

35025 Last

33700 ***

32200 ***

31200 **

Number of asterisks represents the strength of support and resistance levels.