Oracle may fall to 116.50 - 120.20

137.6 is our pivot point.

Our preference

The downside prevails as long as 137.6 is resistance.

Alternative scenario

The upside breakout of 137.6 would call for 143.9 and 147.6.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 135.8565 and 136.309).

Supports and resistances

147.6 **

143.9 *

137.6 **

135.1

132.58 (USD-last)

123.9

120.2 **

116.5 *

112.8 **

Number of asterisks represents the strength of support and resistance levels.