Our pivot point stands at 16170.
Our preference: rebound towards 17110.
Alternative scenario: the downside breakout of 16170 would call for 15820 and 15610.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (16459) but under its 50 period moving average (16508).
Supports and resistances:
17540 **
17330 *
17110 **
16900
16480 last
16310
16170 **
15820 *
15610 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-25-2022 at 16:12 UTC+1
Price reference: 16480 last known on 11-25-2022 at 16:12 UTC+1
Investment horizon: INTRADAY
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