Our pivot point stands at 92.05.
Our preference: the downside prevails as long as 92.05 is resistance.
Alternative scenario: the upside breakout of 92.05, would call for 92.46 and 92.71.
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 91.76 and 91.81).
Supports and resistances:
92.71 **
92.46 *
92.05 **
91.88
91.64 last
91.13
90.88 **
90.64 *
90.39 **
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 03-01-2023 at 00:07 UTC+1
Price reference: 91.64 last known on 03-01-2023 at 00:07 UTC+1
Investment horizon: INTRADAY