Our pivot point stands at 87.54.
Our preference: rebound.
Alternative scenario: below 87.54, expect 87.14 and 86.90.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (87.85) but below its 50 period moving average (87.93).
Supports and resistances:
89.15 **
88.91 *
88.67 **
88.43
87.90 last
87.70
87.54 **
87.14 *
86.90 **
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 04-06-2023 at 19:55 UTC+1
Price reference: 87.90 last known on 04-06-2023 at 19:55 UTC+1
Investment horizon: INTRADAY