Our pivot point is at 1196.
Our preference: rebound towards 1296.
Alternative scenario: the downside breakout of 1196 would call for 1157 and 1134.
Comment: the RSI is below 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 1231 and 1238).
Supports and resistances:
1342 **
1319 *
1296 **
1273
1227 last
1211
1196 **
1157 *
1134 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 12-08-2022 at 02:51 UTC+1
Price reference: 1227 last known on 12-08-2022 at 02:51 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf