Our pivot point stands at 69.3.
Our preference: the upside prevails as long as 69.3 is support.
Alternative scenario: below 69.3, expect 68.2 and 67.6.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69.6 and 69.6).
Supports and resistances:
73.1 **
72.5 *
71.9 **
71.3
70.1 last
69.7
69.3 **
68.2 *
67.6 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-01-2023 at 04:21 UTC+1
Price reference: 70.1 last known on 12-01-2023 at 04:21 UTC+1
Investment horizon: INTRADAY
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