Our pivot point is at 96.9.
Our preference: the downside prevails as long as 96.9 is resistance.
Alternative scenario: the upside breakout of 96.9, would call for 98.7 and 99.8.
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 96.6 and 97.8).
Supports and resistances:
99.8 **
98.7 *
96.9 **
96.2
95.3 last
93.0
92.0 **
90.9 *
89.8 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-05-2023 at 22:19 UTC+1
Price reference: 95.3 last known on 02-05-2023 at 22:19 UTC+1
Investment horizon: INTRADAY
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