22700 is our pivot point.
Our preference: the upside prevails as long as 22700 is support.
Alternative scenario: the downside breakout of 22700 would call for 22390 and 22200.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 22890 and 22904).
Supports and resistances:
23860 **
23670 *
23490 **
23310
22939 last
22820
22700 **
22390 *
22200 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-07-2023 at 11:00 UTC+1
Price reference: 22939 last known on 02-07-2023 at 11:00 UTC+1
Investment horizon: INTRADAY
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