Our pivot point is at 130.76.
Our preference: rebound towards 132.19.
Alternative scenario: the downside breakout of 130.76 would call for 130.22 and 129.90.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (131.19) but under its 50 period moving average (131.44).
Supports and resistances:
132.83 **
132.51 *
132.19 **
131.87
131.20 last
130.97
130.76 **
130.22 *
129.90 **
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 04-05-2023 at 21:54 UTC+1
Price reference: 131.20 last known on 04-05-2023 at 21:54 UTC+1
Investment horizon: INTRADAY