23900 is our pivot point.
Our preference: target 23070.
Alternative scenario: the upside breakout of 23900, would call for 24210 and 24400.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (23703) but above its 50 period moving average (23593).
Supports and resistances:
24400 **
24210 *
23900 **
23780
23642 last
23260
23070 **
22890 *
22700 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-30-2023 at 09:17 UTC+1
Price reference: 23642 last known on 01-30-2023 at 09:17 UTC+1
Investment horizon: INTRADAY
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