Our pivot point stands at 83.6.
Our preference: as long as 83.6 is support look for 89.9.
Alternative scenario: the downside breakout of 83.6 would call for 81.2 and 79.8.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 85.3 and 84.7).
Supports and resistances:
92.8 **
91.4 *
89.9 **
88.5
85.5 last
84.6
83.6 **
81.2 *
79.8 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-27-2024 at 22:09 UTC+1
Price reference: 85.5 last known on 05-27-2024 at 22:09 UTC+1
Investment horizon: INTRADAY
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