Our pivot point stands at 21190.
Our preference: the downside prevails as long as 21190 is resistance.
Alternative scenario: above 21190, look for 21560 and 21780.
Comment: the RSI is below its neutrality area at 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 20996 and 21133).
Supports and resistances:
21780 **
21560 *
21190 **
21050
20897 last
20420
20200 **
19990 *
19770 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-07-2022 at 06:53 UTC+1
Price reference: 20897 last known on 11-07-2022 at 06:53 UTC+1
Investment horizon: INTRADAY
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