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Our pivot point is at 86.69.
Our preference
The upside prevails as long as 86.69 is support.
Alternative scenario
The downside breakout of 86.69 would call for 86.14 and 85.81.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 86.93 and 86.73).
Supports and resistances
88.80 **
88.48 *
88.15 **
87.83
87.15 last
86.90
86.69 **
86.14 *
85.81 **
Number of asterisks represents the strength of support and resistance levels.
