83.0 is our pivot point.
Our preference: rebound towards 89.3.
Alternative scenario: the downside breakout of 83 would call for 80.6 and 79.2.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 84.9 and 85.1).
Supports and resistances:
92.1 **
90.7 *
89.3 **
87.8
84.9 last
84.0
83.0 **
80.6 *
79.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-25-2024 at 22:16 UTC+1
Price reference: 84.9 last known on 05-25-2024 at 22:16 UTC+1
Investment horizon: INTRADAY
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