Our pivot point stands at 3820.
Our preference
The downside prevails as long as 3820 is resistance.
Alternative scenario
Above 3820, look for 3915 and 3971.
Comment
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3764 and 3761).
Supports and resistances
3971 **
3915 *
3820 **
3783
3746 last
3633
3577 **
3521 *
3464 **
Number of asterisks represents the strength of support and resistance levels.


