Our pivot point is at 16.73.
Our preference
As long as 16.73 is support look for 17.75.
Alternative scenario
Below 16.73, expect 16.34 and 16.10.
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 trading above both its 20 and 50 period moving average (respectively at 17.04 and 17.01).
Supports and resistances
18.22 **
17.98 *
17.75 **
17.51
17.04 last
16.89
16.73 **
16.34 *
16.10 **
Number of asterisks represents the strength of support and resistance levels.


