Our pivot point is at 83.9.
Our preference: the upside prevails as long as 83.9 is support.
Alternative scenario: below 83.9, expect 82.5 and 81.6.
Comment: the RSI is above 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 82.4 and 85.2).
Supports and resistances:
90.0 **
89.2 *
88.3 **
87.5
85.5 last
84.5
83.9 **
82.5 *
81.6 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-06-2024 at 09:19 UTC+1
Price reference: 85.5 last known on 03-06-2024 at 09:19 UTC+1
Investment horizon: INTRADAY
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