102.16 is our pivot point.
Our preference: the downside prevails as long as 102.16 is resistance.
Alternative scenario: the upside breakout of 102.16, would call for 102.45 and 102.62.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 102.05 and 102.25).
Supports and resistances:
102.62 **
102.45 *
102.16 **
102.05
101.91 last
101.54
101.37 **
101.20 *
101.03 **
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 19:25 UTC+1
Price reference: 101.9100 last known on 04-03-2023 at 19:25 UTC+1
Investment horizon: INTRADAY