Our preference: the downside prevails as long as 3274 is resistance.
Our pivot point stands at 3274.
Our preference: the downside prevails as long as 3274 is resistance.
Alternative scenario: the upside breakout of 3274, would call for 3345 and 3387.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3249 and 3237).
Supports and resistances:
3387 **
3345 *
3274 **
3246
3218 last
3132
3090 **