Our pivot point is at 87.98.
Our preference: the upside prevails as long as 87.98 is support.
Alternative scenario: the downside breakout of 87.98 would call for 87.58 and 87.34.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 88.20 and 88.13).
Supports and resistances:
89.51 **
89.27 *
89.03 **
88.80
88.29 last
88.13
87.98 **
87.58 *
87.34 **
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 03-21-2023 at 20:35 UTC+1
Price reference: 88.29 last known on 03-21-2023 at 20:35 UTC+1
Investment horizon: INTRADAY