Our pivot point is at 29530.
Our preference: rebound towards 30620.
Alternative scenario: below 29530, expect 29110 and 28860.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (29826) but under its 50 period moving average (29968).
Supports and resistances:
31120 **
30870 *
30620 **
30370
29867 last
29700
29530 **
29110 *
28860 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-21-2023 at 06:44 UTC+1
Price reference: 29867 last known on 07-21-2023 at 06:44 UTC+1
Investment horizon: INTRADAY
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