Oracle may fall to 103.30 - 106.20

Our pivot point stands at 120.6.

Our preference

Under pressure below 120.6.

Alternative scenario

Above 120.6, look for 125.4 and 128.4.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 120.4285 and 120.5943).

Supports and resistances

128.4 **

125.4 *

120.6 **

118.8

115.2 (USD-last)

108.9

106.2 **

103.3 *

100.6 **

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