Our pivot point stands at 84.04.
Our preference: the downside prevails as long as 84.04 is resistance.
Alternative scenario: above 84.04, look for 84.35 and 84.54.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 83.91 and 83.89).
Supports and resistances:
84.54 **
84.35 *
84.04 **
83.92
83.75 last
83.35
83.16 **
82.98 *
82.79 **
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 03-08-2023 at 19:30 UTC+1
Price reference: 83.75 last known on 03-08-2023 at 19:30 UTC+1
Investment horizon: INTRADAY