Our pivot point is at 59.5.
Our preference
Rebound.
Alternative scenario
The downside breakout of 59.5 would call for 58.3 and 57.6.
Comment
The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (60) but under its 50 period moving average (60.8).
Supports and resistances
64.1 **
63.4 *
62.7 **
62.1
60.7 last
59.9
59.5 **
58.3 *
57.6 **
Number of asterisks represents the strength of support and resistance levels.


