Our pivot point stands at 43310.
Our preference: technical rebound towards 43310 before a new drop.
Alternative scenario: the upside breakout of 43310, would call for 44020 and 44440.
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 stands above its 20 period moving average (42616) but below its 50 period moving average (42793).
Supports and resistances:
44440 **
44020 *
43310 **
43040
42740 last
41870
41450 **
41030 *
40620 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-06-2024 at 06:56 UTC+1
Price reference: 42740 last known on 02-06-2024 at 06:56 UTC+1
Investment horizon: INTRADAY
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