Our pivot point stands at 161.01.
Our preference: the downside prevails as long as 161.01 is resistance.
Alternative scenario: above 161.01, look for 161.71 and 162.12.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 161.13 and 161.12).
Supports and resistances:
162.12 **
161.71 *
161.01 **
160.74
160.41 last
159.57
159.16 **
158.75 *
158.33 **
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 21:08 UTC+1
Price reference: 160.41 last known on 03-23-2023 at 21:08 UTC+1
Investment horizon: INTRADAY