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Our pivot point stands at 83.41.
Our preference
Our next up target stands at 83.67.
Alternative scenario
The downside breakout of 83.41 would call for 83.32 and 83.27.
Comment
The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 83.51 and 83.51).
Supports and resistances
83.78 **
83.73 *
83.67 **
83.62
83.51 last
83.45
83.41 **
83.32 *
83.27 **
Number of asterisks represents the strength of support and resistance levels.
