Our pivot point is at 93.4.
Our preference: the downside prevails as long as 93.4 is resistance.
Alternative scenario: the upside breakout of 93.4, would call for 96 and 97.5.
Comment: the RSI is below 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 91.8 and 92.6).
Supports and resistances:
97.5 **
96.0 *
93.4 **
92.4
91.3 last
88.2
86.7 **
85.2 *
83.6 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-03-2023 at 08:09 UTC+1
Price reference: 91.3 last known on 04-03-2023 at 08:09 UTC+1
Investment horizon: INTRADAY
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