Our pivot point is at 1131.
Our preference: the downside prevails as long as 1131 is resistance.
Alternative scenario: the upside breakout of 1131, would call for 1165 and 1186.
Comment: the RSI is below 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 1134 and 1130).
Supports and resistances:
1186 **
1165 *
1131 **
1117
1098 last
1046
1026 **
1005 *
985 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-05-2022 at 16:07 UTC+1
Price reference: 1098 last known on 07-05-2022 at 16:07 UTC+1
Investment horizon: INTRADAY
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