Our pivot point stands at 95.51.
Our preference: rebound.
Alternative scenario: the downside breakout of 95.51 would call for 95.10 and 94.86.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (95.63) but below its 50 period moving average (96.09).
Supports and resistances:
97.20 **
96.95 *
96.71 **
96.47
95.92 last
95.67
95.51 **
95.10 *
94.86 **
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 03-23-2023 at 10:31 UTC+1
Price reference: 95.92 last known on 03-23-2023 at 10:31 UTC+1
Investment horizon: INTRADAY