Oracle is neutral

Pivot

128.00

Our preference

Long positions above 128.00 with targets at 146.00 & 160.00 in extension.

Alternative scenario

Below 128.00 look for further downside with 118.00 & 106.00 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

169.00 **

160.00 **

146.00 **

140.17 Last

128.00 **

118.00 **

106.00 **

Number of asterisks represents the strength of support and resistance levels.