Our pivot point is at 4,464.
Our preference : The upside prevails as long as 4,464 is support, with 4,560 and 4,582 as targets
Alternative scenario : below 4,464, expect 4,427 and 4,405.
Comment : Prices are now within reach of our first target, a level that could invite the price to consolidate. On the flip side, a clear break above it may well sustain the upward move.
Supports and resistances :
4,626 **
4,604 *
4,582 **
4,560
4,530 last
4,478
4,464 **
4,427 *
4,405 **
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