Our pivot point stands at 252.5.
Our preference: the downside prevails as long as 252.5 is resistance.
Alternative scenario: the upside breakout of 252.5, would call for 260.2 and 264.8.
Comment: the RSI is below its neutrality area at 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 247.3 and 248.5).
Supports and resistances:
264.8 **
260.2 *
252.5 **
249.4
246.0 last
235.6
231.0 **
226.5 *
221.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-22-2022 at 09:13 UTC+1
Price reference: 246.0 last known on 12-22-2022 at 09:13 UTC+1
Investment horizon: INTRADAY
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