Pivot: 77.00

Most Likely Scenario: SHORT positions below 77 with 75.5 & 74.75 as next targets.

Alternative scenario: The upside penetration of 77 will call for a rebound towards 77.5 & 78.

Comment: the price stands within a bearish channel and the RSI is capped by a declining trend line.

Trend: ST Ltd upside; MT Range