Our pivot point stands at 16.37.
Our preference
Rebound towards 17.10.
Alternative scenario
The downside breakout of 16.37 would call for 16.09 and 15.92.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (16.59) but below its 50 period moving average (16.61).
Supports and resistances
17.43 **
17.26 *
17.10 **
16.93
16.59 last
16.48
16.37 **
16.09 *
15.92 **
Number of asterisks represents the strength of support and resistance levels.


