136.68 is our pivot point.
Our preference: the downside prevails as long as 136.68 is resistance.
Alternative scenario: above 136.68, look for 137.33 and 137.72.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 136.34 and 136.35).
Supports and resistances:
137.72 **
137.33 *
136.68 **
136.42
136.16 last
135.39
135.00 **
134.61 *
134.22 **
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 02-28-2023 at 21:41 UTC+1
Price reference: 136.16 last known on 02-28-2023 at 21:41 UTC+1
Investment horizon: INTRADAY