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Our pivot point is at 16.18.
Our preference
Rebound towards 17.13.
Alternative scenario
Below 16.18, expect 15.81 and 15.59.
Comment
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (16.43) but under its 50 period moving average (16.90).
Supports and resistances
17.57 **
17.35 *
17.13 **
16.91
16.47 last
16.32
16.18 **
15.81 *
15.59 **
Number of asterisks represents the strength of support and resistance levels.
