Our pivot point stands at 83.30.
Our preference: the downside prevails as long as 83.30 is resistance.
Alternative scenario: the upside breakout of 83.30, would call for 83.64 and 83.85.
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 83.23 and 83.41).
Supports and resistances:
83.85 **
83.64 *
83.30 **
83.16
82.94 last
82.51
82.31 **
82.10 *
81.89 **
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 04-04-2023 at 21:57 UTC+1
Price reference: 82.94 last known on 04-04-2023 at 21:57 UTC+1
Investment horizon: INTRADAY