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108.71 is our pivot point.
Our preference
Rebound towards 119.03.
Alternative scenario
The downside breakout of 108.71 would call for 105.06 and 102.89.
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 (111.90) but below its 50 period moving average (115.39).
Supports and resistances
123.41 **
121.22 *
119.03 **
116.84
111.98 last
110.14
108.71 **
105.06 *
102.89 **
Number of asterisks represents the strength of support and resistance levels.
