Our pivot point is at 63.3.
Our preference: rebound towards 66.9.
Alternative scenario: the downside breakout of 63.3 would call for 61.9 and 61.1.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 65.2 and 67.6).
Supports and resistances:
68.5 **
67.7 *
66.9 **
66.1
64.3 last
63.8
63.3 **
61.9 *
61.1 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-08-2022 at 11:48 UTC+1
Price reference: 64.3 last known on 11-08-2022 at 11:48 UTC+1
Investment horizon: INTRADAY
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