Our pivot point is at 28220.
Our preference: the downside prevails as long as 28220 is resistance.
Alternative scenario: above 28220, look for 28810 and 29150.
Comment: the RSI is below its neutrality area at 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 27923 and 28141).
Supports and resistances:
29150 **
28810 *
28220 **
28000
27723 last
27020
26670 **
26320 *
25980 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-03-2023 at 08:08 UTC+1
Price reference: 27723 last known on 04-03-2023 at 08:08 UTC+1
Investment horizon: INTRADAY
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