Our pivot point is at 3706.
Our preference
The upside prevails as long as 3706 is support.
Alternative scenario
Below 3706, expect 3611 and 3554.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3770 and 3769).
Supports and resistances
4071 **
4014 *
3957 **
3900
3782 last
3744
3706 **
3611 *
3554 **
Number of asterisks represents the strength of support and resistance levels.


