70.4 is our pivot point.
Our preference: the upside prevails as long as 70.4 is support.
Alternative scenario: the downside breakout of 70.4 would call for 68.9 and 68.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 70.7 and 70).
Supports and resistances:
76.2 **
75.3 *
74.4 **
73.6
71.8 last
71.0
70.4 **
68.9 *
68.0 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-07-2022 at 06:54 UTC+1
Price reference: 71.8 last known on 11-07-2022 at 06:54 UTC+1
Investment horizon: INTRADAY
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