Our pivot point stands at 132.15.
Our preference: technical rebound towards 132.15 before a new drop.
Alternative scenario: above 132.15, look for 132.73 and 133.08.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (131.37) but below its 50 period moving average (131.71).
Supports and resistances:
133.08 **
132.73 *
132.15 **
131.92
131.68 last
130.96
130.61 **
130.27 *
129.92 **
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 03-20-2023 at 18:41 UTC+1
Price reference: 131.68 last known on 03-20-2023 at 18:41 UTC+1
Investment horizon: INTRADAY