Our pivot point stands at 65370.
Our preference
Rebound.
Alternative scenario
The downside breakout of 65370 would call for 64440 and 63880.
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 is trading above its 20 period moving average (66200) but under its 50 period moving average (66762).
Supports and resistances
69190 **
68630 *
68080 **
67520
66342 last
65730
65370 **
64440 *
63880 **
Number of asterisks represents the strength of support and resistance levels.


