Pivot
40270
Our preference
Long positions above 40270 with targets at 41360 & 42450 in extension.
Alternative scenario
Below 40270 look for further downside with 39430 & 38500 as targets.
Comment
The RSI calls for a new upleg.
Supports and resistances
42600
42450
41360
40966 Last
40270
39430
38500
Number of asterisks represents the strength of support and resistance levels.