Our pivot point stands at 1239.
Our preference: as long as 1239 is support look for 1280.
Alternative scenario: below 1239, expect 1224 and 1214.
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 above its 20 and 50 period moving average (respectively at 1251 and 1251).
Supports and resistances:
1298 **
1289 *
1280 **
1270
1252 last
1245
1239 **
1224 *
1214 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-06-2023 at 04:30 UTC+1
Price reference: 1252 last known on 01-06-2023 at 04:30 UTC+1
Investment horizon: INTRADAY
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