Our pivot point stands at 1151.
Our preference: the upside prevails as long as 1151 is support.
Alternative scenario: below 1151, expect 1114 and 1092.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1168 and 1164).
Supports and resistances:
1292 **
1270 *
1248 **
1226
1182 last
1166
1151 **
1114 *
1092 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-24-2022 at 03:03 UTC+1
Price reference: 1182 last known on 11-24-2022 at 03:03 UTC+1
Investment horizon: INTRADAY
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