Our pivot point stands at 61970.
Our preference
Rebound towards 65250.
Alternative scenario
Below 61970, expect 60710 and 59960.
Comment
The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63111 and 63504).
Supports and resistances
66760 **
66010 *
65250 **
64500
62970 last
62470
61970 **
60710 *
59960 **
Number of asterisks represents the strength of support and resistance levels.


