305.7 is our pivot point.
Our preference: the downside prevails as long as 305.7 is resistance.
Alternative scenario: above 305.7, look for 315 and 320.5.
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 stands below its 20 and 50 period moving average (respectively at 304.3 and 303.9).
Supports and resistances:
320.5 **
315.0 *
305.7 **
302.0
296.8 last
284.2
278.7 **
273.2 *
267.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-03-2022 at 15:56 UTC+1
Price reference: 296.8 last known on 06-03-2022 at 15:56 UTC+1
Investment horizon: INTRADAY
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