Our pivot point is at 1559.
Our preference: the upside prevails as long as 1559 is support.
Alternative scenario: the downside breakout of 1559 would call for 1531 and 1514.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1573 and 1571).
Supports and resistances:
1668 **
1652 *
1635 **
1618
1582 last
1570
1559 **
1531 *
1514 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-31-2023 at 15:59 UTC+1
Price reference: 1582 last known on 01-31-2023 at 15:59 UTC+1
Investment horizon: INTRADAY
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