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Our pivot point stands at 18.41.
Our preference
Technical rebound towards 18.41 before a new drop.
Alternative scenario
Above 18.41, look for 18.72 and 18.90.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (18.11) but below its 50 period moving average (18.17).
Supports and resistances
18.90 **
18.72 *
18.41 **
18.29
18.17 last
17.80
17.61 **
17.43 *
17.24 **
Number of asterisks represents the strength of support and resistance levels.
