Our pivot point is at 104.05.
Our preference: rebound towards 104.94.
Alternative scenario: below 104.05, expect 103.72 and 103.51.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 104.36 and 104.45).
Supports and resistances:
105.34 **
105.14 *
104.94 **
104.74
104.32 last
104.19
104.05 **
103.72 *
103.51 **
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 03-06-2023 at 21:50 UTC+1
Price reference: 104.3150 last known on 03-06-2023 at 21:50 UTC+1
Investment horizon: INTRADAY