Our pivot point stands at 73.0.
Our preference
Look for a drop towards 73 before a bounce.
Alternative scenario
The downside breakout of 73 would call for 71.9 and 71.2.
Comment
The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 74 and 74).
Supports and resistances
77.4 **
76.7 *
76.0 **
75.4
74.0 last
73.5
73.0 **
71.9 *
71.2 **
Number of asterisks represents the strength of support and resistance levels.


