Our pivot point is at 54700.
Our preference
Rebound.
Alternative scenario
Below 54700, expect 53900 and 53430.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (54863) but below its 50 period moving average (55339).
Supports and resistances
57750 **
57280 *
56810 **
56340
55320 last
55010
54700 **
53900 *
53430 **
Number of asterisks represents the strength of support and resistance levels.


