Our pivot point stands at 69050.
Our preference
The downside prevails as long as 69050 is resistance.
Alternative scenario
Above 69050, look for 70080 and 70700.
Comment
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 68245 and 68237).
Supports and resistances
70700 **
70080 *
69050 **
68640
68195 last
66960
66340 **
65730 *
65110 **
Number of asterisks represents the strength of support and resistance levels.


