Our pivot point stands at 41260.
Our preference: rebound.
Alternative scenario: the downside breakout of 41260 would call for 40000 and 39260.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (42157) but below its 50 period moving average (42354).
Supports and resistances:
46060 **
45310 *
44560 **
43820
42260 last
41750
41260 **
40000 *
39260 **
Our preference: rebound.
Alternative scenario: the downside breakout of 41260 would call for 40000 and 39260.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (42157) but below its 50 period moving average (42354).
Supports and resistances:
46060 **
45310 *
44560 **
43820
42260 last
41750
41260 **
40000 *
39260 **