29730 is our pivot point.
Our preference: as long as 29730 is resistance look for 28770.
Alternative scenario: the upside breakout of 29730, would call for 30060 and 30260.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 29398 and 29406).
Supports and resistances:
30260 **
30060 *
29730 **
29600
29373 last
28970
28770 **
28580 *
28390 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-11-2023 at 17:26 UTC+1
Price reference: 29373 last known on 08-11-2023 at 17:26 UTC+1
Investment horizon: INTRADAY
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