Our pivot point stands at 166.35.
Our preference: under pressure below 166.35.
Alternative scenario: above 166.35, look for 166.98 and 167.36.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 166.14 and 166.01).
Supports and resistances:
167.36 **
166.98 *
166.35 **
166.10
165.81 last
165.04
164.66 **
164.28 *
163.91 **
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 11:13 UTC+1
Price reference: 165.81 last known on 04-17-2023 at 11:13 UTC+1
Investment horizon: INTRADAY