Our preference: the upside prevails as long as 91 is support.
Our pivot point stands at 91.0.
Our preference: the upside prevails as long as 91 is support.
Alternative scenario: the downside breakout of 91 would call for 89.3 and 88.2.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 91.5 and 91.1).
Supports and resistances:
98.1 **
97.0 *
95.9 **
94.9
92.5 last
91.7
91.0 **