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Our pivot point stands at 16.77.
Our preference
As long as 16.77 is support look for 17.52.
Alternative scenario
Below 16.77, expect 16.48 and 16.31.
Comment
The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (17.02) but above its 50 period moving average (16.92).
Supports and resistances
17.86 **
17.69 *
17.52 **
17.34
17.00 last
16.89
16.77 **
16.48 *
16.31 **
Number of asterisks represents the strength of support and resistance levels.
