Our pivot point stands at 273.6.
Our preference: rebound.
Alternative scenario: below 273.6, expect 267.7 and 264.2.
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 price stands above its 20 period moving average (276) but below its 50 period moving average (280.4).
Supports and resistances:
296.1 **
292.6 *
289.1 **
285.5
278.4 last
276.0
273.6 **
267.7 *
264.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2022 at 02:33 UTC+1
Price reference: 278.4 last known on 09-02-2022 at 02:33 UTC+1
Investment horizon: INTRADAY
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