Our pivot point stands at 74.8.
Our preference
Target 71.2.
Alternative scenario
Above 74.8, look for 76.2 and 77.1.
Comment
The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (73.9) but above its 50 period moving average (73.4).
Supports and resistances
77.1 **
76.2 *
74.8 **
74.3
73.7 last
72.0
71.2 **
70.3 *
69.5 **
Number of asterisks represents the strength of support and resistance levels.


