Our pivot point is at 162.83.

Our preference: the downside prevails as long as 162.83 is resistance.

Alternative scenario: above 162.83, look for 163.35 and 163.66.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 162.65 and 162.81).

Supports and resistances:

163.66 **

163.35 *

162.83 **

162.62

162.36 last

161.73

161.42 **