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95.98 is our pivot point.
Our preference
The upside prevails as long as 95.98 is support.
Alternative scenario
The downside breakout of 95.98 would call for 92.03 and 89.67.
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 97.63 and 98.69).
Supports and resistances
112.01 **
109.64 *
107.26 **
104.88
99.32 last
97.53
95.98 **
92.03 *
89.67 **
Number of asterisks represents the strength of support and resistance levels.
