37000 proved to be a very important resistance.
The setting is negative.
36251 is our pivot
Foreseeable scenario: As long as the resistance at 36251 holds, the bearish scenario will prevail.
Alternative scenario: above 36251, we expect to reach 37437 and 38144
Analysis: The RSI stands below 30 points. The MACD is negative and hovering below its moving average. The setting is negative. Observe that the volumes have been on the rise for a few days.
Supports and resistance:
38144 **
37437 *
36251 **
35784
35280 (last trade)
33829
33124 **
32419 *
31714 **
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Gafico from tradingview.com
