Our pivot point stands at 15.94.
Our preference
The downside prevails as long as 15.94 is resistance.
Alternative scenario
The upside breakout of 15.94, would call for 16.35 and 16.59.
Comment
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 15.83 and 15.70).
Supports and resistances
16.59 **
16.35 *
15.94 **
15.78
15.58 last
15.09
14.85 **
14.61 *
14.37 **
Number of asterisks represents the strength of support and resistance levels.


