Preference: LONG positions above 1315 with 1330 & 1337 in sight.
Alternative scenario: The downside penetration of 1315 will call for 1308.5 & 1302.
Comment: supported by a rising trend line.
The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.
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