Our pivot point is at 92.7.
Our preference: as long as 92.7 is support look for 97.8.
Alternative scenario: below 92.7, expect 90.9 and 89.8.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94.1 and 93).
Supports and resistances:
100.0 **
98.9 *
97.8 **
96.7
94.2 last
93.4
92.7 **
90.9 *
89.8 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-31-2023 at 16:00 UTC+1
Price reference: 94.2 last known on 01-31-2023 at 16:00 UTC+1
Investment horizon: INTRADAY
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