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97.31 is our pivot point.
Our preference
Our next up target stands at 99.34.
Alternative scenario
The downside breakout of 97.31 would call for 96.63 and 96.23.
Comment
The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 97.91 and 98.04).
Supports and resistances
100.15 **
99.75 *
99.34 **
98.94
98.10 last
97.58
97.31 **
96.63 *
96.23 **
Number of asterisks represents the strength of support and resistance levels.
