Our pivot point is at 80.80.
Our preference: rebound towards 87.67.
Alternative scenario: the downside breakout of 80.80 would call for 78.28 and 76.78.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (82.41) but under its 50 period moving average (83.21).
Supports and resistances:
90.68 **
89.17 *
87.67 **
86.16
82.80 last
81.78
80.80 **
78.28 *
76.78 **
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 04-11-2023 at 10:43 UTC+1
Price reference: 82.80 last known on 04-11-2023 at 10:43 UTC+1
Investment horizon: ST