Our pivot point stands at 2058.
Our preference: the upside prevails as long as 2058 is support.
Alternative scenario: the downside breakout of 2058 would call for 2021 and 2000.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2055 and 2043).
Supports and resistances:
2194 **
2172 *
2151 **
2129
2086 last
2072
2058 **
2021 *
2000 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-01-2023 at 04:21 UTC+1
Price reference: 2086 last known on 12-01-2023 at 04:21 UTC+1
Investment horizon: INTRADAY
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