Our pivot point stands at 19220.
Our preference: the downside prevails as long as 19220 is resistance.
Alternative scenario: above 19220, look for 19650 and 19910.
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 18950 and 19060).
Supports and resistances:
19910 **
19650 *
19220 **
19050
18856 last
18290
18030 **
17780 *
17530 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-21-2022 at 10:07 UTC+1
Price reference: 18856 last known on 09-21-2022 at 10:07 UTC+1
Investment horizon: ST
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