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16.38 is our pivot point.
Our preference
As long as 16.38 is support look for 17.42.
Alternative scenario
The downside breakout of 16.38 would call for 15.98 and 15.74.
Comment
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 16.69 and 16.59).
Supports and resistances
17.90 **
17.66 *
17.42 **
17.18
16.70 last
16.54
16.38 **
15.98 *
15.74 **
Number of asterisks represents the strength of support and resistance levels.
