Citigroup may fall to 49.40 - 51.50

Our pivot point stands at 61.5.

Our preference

The downside prevails as long as 61.5 is resistance.

Alternative scenario

Above 61.5, look for 65 and 67.1.

Comment

The RSI is below 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 62.3465 and 62.3738).

Supports and resistances

67.1 **

65 *

61.5 **

60.1

57.84 (USD-last)

53.6

51.5 **

49.4 *

47.3 **

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