Our pivot point stands at 89.41.
Our preference: rebound.
Alternative scenario: below 89.41, expect 88.98 and 88.72.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (89.71) but under its 50 period moving average (89.77).
Supports and resistances:
91.08 **
90.82 *
90.56 **
90.30
89.77 last
89.58
89.41 **
88.98 *
88.72 **
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 04-17-2023 at 01:03 UTC+1
Price reference: 89.77 last known on 04-17-2023 at 01:03 UTC+1
Investment horizon: INTRADAY