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Our pivot point stands at 113.72.
Our preference
The upside prevails as long as 113.72 is support.
Alternative scenario
The downside breakout of 113.72 would call for 110.50 and 108.59.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 115.08 and 113.89).
Supports and resistances
126.03 **
124.11 *
122.19 **
120.28
116.40 last
114.98
113.72 **
110.50 *
108.59 **
Number of asterisks represents the strength of support and resistance levels.
