Our pivot point stands at 82.02.
Our preference: the downside prevails as long as 82.02 is resistance.
Alternative scenario: the upside breakout of 82.02, would call for 82.37 and 82.58.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 82.16 and 82.04).
Supports and resistances:
82.58 **
82.37 *
82.02 **
81.88
81.70 last
81.05
80.85 **
80.64 *
80.43 **
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 21:10 UTC+1
Price reference: 81.70 last known on 03-23-2023 at 21:10 UTC+1
Investment horizon: INTRADAY