83.01 is our pivot point.
Our preference: the downside prevails as long as 83.01 is resistance.
Alternative scenario: above 83.01, look for 83.37 and 83.59.
Comment: the RSI is below its neutrality area at 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 82.78 and 82.80).
Supports and resistances:
83.59 **
83.37 *
83.01 **
82.86
82.71 last
82.27
82.05 **
81.84 *
81.62 **
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 04-12-2023 at 22:46 UTC+1
Price reference: 82.71 last known on 04-12-2023 at 22:46 UTC+1
Investment horizon: INTRADAY