Our pivot point is at 4,386.
Our preference : The downside prevails as long as 4,386 is resistance, with 4,297 and 4,276 as targets
Alternative scenario : above 4,386, look for 4,421 and 4,442.
Comment : the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 4,347 and 4,376).
Supports and resistances :
4,442 **
4,421 *
4,386 **
4,372
4,342 last
4,297
4,276 **
4,255 *
4,234 **
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