Our pivot point is at 27.75.
Our preference
Rebound towards 29.93.
Alternative scenario
The downside breakout of 27.75 would call for 26.90 and 26.40.
Comment
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 28.47 and 28.78).
Supports and resistances
30.93 **
30.43 *
29.93 **
29.42
28.41 last
28.08
27.75 **
26.90 *
26.40 **
Number of asterisks represents the strength of support and resistance levels.


