160.69 is our pivot point.
Our preference: the upside prevails as long as 160.69 is support.
Alternative scenario: the downside breakout of 160.69 would call for 159.98 and 159.55.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 161.07 and 160.77).
Supports and resistances:
163.52 **
163.09 *
162.67 **
162.24
161.36 last
160.97
160.69 **
159.98 *
159.55 **
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 21:00 UTC+1
Price reference: 161.36 last known on 03-20-2023 at 21:00 UTC+1
Investment horizon: INTRADAY