UPS may fall to 103.90 - 109.10

Our pivot point stands at 133.3.

Our preference

The downside prevails as long as 133.3 is resistance.

Alternative scenario

Above 133.3, look for 142.1 and 147.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 132.931 and 135.187).

Supports and resistances

147.4 **

142.1 *

133.3 **

129.9

125.82 (USD-last)

114.3

109.1 **

103.9 *

98.6 **

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