Our pivot point stands at 2606.
Our preference: as long as 2606 is support look for 2736.
Alternative scenario: the downside breakout of 2606 would call for 2558 and 2530.
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 trading under its 20 period moving average (2649) but above its 50 period moving average (2569).
Supports and resistances:
2793 **
2764 *
2736 **
2707
2648 last
2625
2606 **
2558 *
2530 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-13-2024 at 06:00 UTC+1
Price reference: 2648 last known on 02-13-2024 at 06:00 UTC+1
Investment horizon: INTRADAY
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