Our pivot point stands at 84.0.
Our preference: rebound towards 88.9.
Alternative scenario: the downside breakout of 84 would call for 82.3 and 81.2.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 85.9 and 87).
Supports and resistances:
91.0 **
90.0 *
88.9 **
87.9
85.6 last
84.7
84.0 **
82.3 *
81.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-07-2023 at 22:21 UTC+1
Price reference: 85.6 last known on 03-07-2023 at 22:21 UTC+1
Investment horizon: INTRADAY
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