Citigroup may rise to 69.40 - 71.70

Our pivot point stands at 58.6.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 58.6 would call for 54.9 and 52.6.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (60.146) but below its 50 day moving average (62.294).

Supports and resistances

74 **

71.7 *

69.4 **

67.2

61.79 (USD-last)

60.1

58.6 **

54.9 *

52.6 **

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