Our pivot point stands at 95.7.
Our preference: the downside prevails as long as 95.7 is resistance.
Alternative scenario: the upside breakout of 95.7, would call for 98 and 99.3.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 94.2 and 95.5).
Supports and resistances:
99.3 **
98.0 *
95.7 **
94.8
93.9 last
90.4
89.1 **
87.7 *
86.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-14-2024 at 22:13 UTC+1
Price reference: 93.9 last known on 03-14-2024 at 22:13 UTC+1
Investment horizon: INTRADAY
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