Our pivot point stands at 58280.
Our preference
As long as 58280 is support look for 61290.
Alternative scenario
Below 58280, expect 57130 and 56440.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59132 and 58828).
Supports and resistances
62660 **
61980 *
61290 **
60600
59184 last
58730
58280 **
57130 *
56440 **
Number of asterisks represents the strength of support and resistance levels.
