Our pivot point is at 132.04.
Our preference: the upside prevails as long as 132.04 is support.
Alternative scenario: below 132.04, expect 131.47 and 131.12.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 132.27 and 131.76).
Supports and resistances:
134.34 **
134.00 *
133.66 **
133.32
132.58 last
132.26
132.04 **
131.47 *
131.12 **
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 20:00 UTC+1
Price reference: 132.58 last known on 03-21-2023 at 20:00 UTC+1
Investment horizon: INTRADAY