Our pivot point is at 81.8.
Our preference: the downside prevails as long as 81.8 is resistance.
Alternative scenario: the upside breakout of 81.8, would call for 84.2 and 85.6.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 80.4 and 80.7).
Supports and resistances:
85.6 **
84.2 *
81.8 **
80.8
79.9 last
77.1
75.6 **
74.2 *
72.8 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-14-2024 at 16:22 UTC+1
Price reference: 79.9 last known on 05-14-2024 at 16:22 UTC+1
Investment horizon: INTRADAY
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