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Our pivot point stands at 15.64.
Our preference
As long as 15.64 is support look for 16.75.
Alternative scenario
The downside breakout of 15.64 would call for 15.23 and 14.98.
Comment
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (16.03) but above its 50 period moving average (15.58).
Supports and resistances
17.24 **
16.99 *
16.75 **
16.50
15.97 last
15.81
15.64 **
15.23 *
14.98 **
Number of asterisks represents the strength of support and resistance levels.
