Our pivot point is at 84.7.
Our preference: the downside prevails as long as 84.7 is resistance.
Alternative scenario: the upside breakout of 84.7, would call for 86.7 and 87.9.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83.3 and 83.3).
Supports and resistances:
87.9 **
86.7 *
84.7 **
83.9
83.1 last
80.7
79.5 **
78.3 *
77.1 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2024 at 09:06 UTC+1
Price reference: 83.1 last known on 06-02-2024 at 09:06 UTC+1
Investment horizon: INTRADAY
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