78.2 is our pivot point.
Our preference: the downside prevails as long as 78.2 is resistance.
Alternative scenario: the upside breakout of 78.2, would call for 80.6 and 82.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 76.8 and 77.5).
Supports and resistances:
82.0 **
80.6 *
78.2 **
77.2
76.3 last
73.3
71.9 **
70.4 *
69.0 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-08-2022 at 02:51 UTC+1
Price reference: 76.3 last known on 12-08-2022 at 02:51 UTC+1
Investment horizon: INTRADAY
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