Our pivot point stands at 86.65.
Our preference: the upside prevails as long as 86.65 is support.
Alternative scenario: the downside breakout of 86.65 would call for 86.26 and 86.02.
Comment: the RSI is above 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 86.83 and 86.88).
Supports and resistances:
88.18 **
87.95 *
87.71 **
87.48
86.98 last
86.81
86.65 **
86.26 *
86.02 **
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 03-27-2023 at 01:04 UTC+1
Price reference: 86.98 last known on 03-27-2023 at 01:04 UTC+1
Investment horizon: INTRADAY