Our pivot point is at 94.3.
Our preference: as long as 94.3 is support look for 99.
Alternative scenario: the downside breakout of 94.3 would call for 92.5 and 91.4.
Comment: the RSI is above its neutrality area at 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 95.4 and 93.8).
Supports and resistances:
101.2 **
100.1 *
99.0 **
97.9
95.7 last
95.0
94.3 **
92.5 *
91.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-15-2023 at 06:46 UTC+1
Price reference: 95.7 last known on 02-15-2023 at 06:46 UTC+1
Investment horizon: INTRADAY
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