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Our pivot point is at 16.98.
Our preference
Rebound towards 18.30.
Alternative scenario
Below 16.98, expect 16.48 and 16.18.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (17.39) but below its 50 period moving average (17.60).
Supports and resistances
18.89 **
18.59 *
18.30 **
18.00
17.41 last
17.17
16.98 **
16.48 *
16.18 **
Number of asterisks represents the strength of support and resistance levels.
