Our pivot point is at 69220.
Our preference
Target 66500.
Alternative scenario
Above 69220, look for 70260 and 70880.
Comment
The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (68386) but above its 50 period moving average (68305).
Supports and resistances
70880 **
70260 *
69220 **
68810
68359 last
67120
66500 **
65880 *
65260 **
Number of asterisks represents the strength of support and resistance levels.


