Our pivot point stands at 35150.
Our preference: the upside prevails as long as 35150 is support.
Alternative scenario: below 35150, expect 34710 and 34450.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 35406 and 35377).
Supports and resistances:
37000 **
36740 *
36470 **
36210
35600 last
35330
35150 **
34710 *
34450 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-08-2023 at 22:05 UTC+1
Price reference: 35600 last known on 11-08-2023 at 22:05 UTC+1
Investment horizon: INTRADAY
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