Our pivot point is at 61710.
Our preference
Rebound.
Alternative scenario
Below 61710, expect 60800 and 60260.
Comment
The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (62352) but below its 50 period moving average (62494).
Supports and resistances
65280 **
64730 *
64190 **
63650
62424 last
62070
61710 **
60800 *
60260 **
Number of asterisks represents the strength of support and resistance levels.


