Our pivot point stands at 291.3.
Our preference: as long as 291.3 is resistance look for 278.2.
Alternative scenario: above 291.3, look for 295.9 and 298.7.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 287.4 and 287.2).
Supports and resistances:
298.7 **
295.9 *
291.3 **
289.4
287.1 last
281.0
278.2 **
275.5 *
272.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-07-2023 at 22:20 UTC+1
Price reference: 287.1 last known on 03-07-2023 at 22:20 UTC+1
Investment horizon: INTRADAY
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