88.60 is our pivot point.
Our preference: rebound towards 89.68.
Alternative scenario: the downside breakout of 88.60 would call for 88.23 and 88.02.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88.92 and 89.10).
Supports and resistances:
90.12 **
89.90 *
89.68 **
89.47
88.88 last
88.74
88.60 **
88.23 *
88.02 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 04-03-2023 at 01:14 UTC+1
Price reference: 88.88 last known on 04-03-2023 at 01:14 UTC+1
Investment horizon: INTRADAY