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Our pivot point is at 83.69.
Our preference
Technical rebound towards 83.69 before a new drop.
Alternative scenario
Above 83.69, look for 83.73 and 83.75.
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 its 20 period moving average (83.65) but under its 50 period moving average (83.67).
Supports and resistances
83.75 **
83.73 *
83.69 **
83.68
83.66 last
83.61
83.59 **
83.57 *
83.54 **
Number of asterisks represents the strength of support and resistance levels.
