Our pivot point stands at 67.5.
Our preference: look for a drop towards 67.5 before a bounce.
Alternative scenario: below 67.5, expect 66.3 and 65.6.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading under its 20 period moving average (68.4) but above its 50 period moving average (68.4).
Supports and resistances:
72.0 **
71.3 *
70.5 **
69.8
68.4 last
67.9
67.5 **
66.3 *
65.6 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-22-2024 at 06:51 UTC+1
Price reference: 68.4 last known on 02-22-2024 at 06:51 UTC+1
Investment horizon: INTRADAY
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