Our pivot point is at 130.24.
Our preference: the upside prevails as long as 130.24 is support.
Alternative scenario: the downside breakout of 130.24 would call for 129.67 and 129.33.
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 130.44 and 130.45).
Supports and resistances:
132.44 **
132.11 *
131.77 **
131.43
130.73 last
130.46
130.24 **
129.67 *
129.33 **
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 03-24-2023 at 21:09 UTC+1
Price reference: 130.73 last known on 03-24-2023 at 21:09 UTC+1
Investment horizon: INTRADAY