UPS may fall to 125.80 - 128.50

141.6 is our pivot point.

Our preference

The downside prevails as long as 141.6 is resistance.

Alternative scenario

Above 141.6, look for 146.1 and 148.8.

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 141.61 and 144.967).

Supports and resistances

148.8 **

146.1 *

141.6 **

139.9

137.68 (USD-last)

131.1

128.5 **

125.8 *

123.2 **

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