Our pivot point is at 1697.
Our preference: the downside prevails as long as 1697 is resistance.
Alternative scenario: above 1697, look for 1717 and 1728.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1718 and 1764).
Supports and resistances:
1728 **
1717 *
1697 **
1690
1682 last
1657
1646 **
1634 *
1623 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-18-2023 at 02:36 UTC+1
Price reference: 1682 last known on 08-18-2023 at 02:36 UTC+1
Investment horizon: INTRADAY
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