Our pivot point is at 17.7100.
Our preference
Rebound.
Alternative scenario
Below 17.7100, expect 17.6270 and 17.5770.
Comment
The RSI is above 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 its 20 period moving average (17.7490) but under its 50 period moving average (17.8020).
Supports and resistances
18.0450 **
17.9950 *
17.9460 **
17.8960
17.7903 last
17.7420
17.7100 **
17.6270 *
17.5770 **
Number of asterisks represents the strength of support and resistance levels.


