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Our pivot point stands at 32.95.
Our preference
As long as 32.95 is resistance look for 30.19.
Alternative scenario
The upside breakout of 32.95, would call for 33.96 and 34.56.
Comment
The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 32.18 and 32.18).
Supports and resistances
34.56 **
33.96 *
32.95 **
32.56
32.03 last
30.79
30.19 **
29.59 *
28.99 **
Number of asterisks represents the strength of support and resistance levels.
