1497 is our pivot point.
Our preference: rebound towards 1566.
Alternative scenario: the downside breakout of 1497 would call for 1471 and 1456.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1516) but under its 50 period moving average (1528).
Supports and resistances:
1596 **
1581 *
1566 **
1550
1520 last
1507
1497 **
1471 *
1456 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-11-2023 at 09:19 UTC+1
Price reference: 1520 last known on 02-11-2023 at 09:19 UTC+1
Investment horizon: INTRADAY
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