Our pivot point is at 31.45.
Our preference
The upside prevails as long as 31.45 is support.
Alternative scenario
Below 31.45, expect 30.44 and 29.84.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.13 and 32.01).
Supports and resistances
35.26 **
34.66 *
34.06 **
33.45
32.25 last
31.85
31.45 **
30.44 *
29.84 **
Number of asterisks represents the strength of support and resistance levels.


