Our pivot point is at 70280.
Our preference
The downside prevails as long as 70280 is resistance.
Alternative scenario
Above 70280, look for 71500 and 72230.
Comment
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 69427 and 69541).
Supports and resistances
72230 **
71500 *
70280 **
69800
69253 last
67780
67060 **
66330 *
65610 **
Number of asterisks represents the strength of support and resistance levels.


