Our pivot point stands at 16520.
Our preference: rebound towards 17470.
Alternative scenario: below 16520, expect 16160 and 15940.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 16821 and 16872).
Supports and resistances:
17900 **
17690 *
17470 **
17260
16815 last
16670
16520 **
16160 *
15940 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-08-2022 at 02:50 UTC+1
Price reference: 16815 last known on 12-08-2022 at 02:50 UTC+1
Investment horizon: INTRADAY
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