Our pivot point stands at 3194.
Our preference: as long as 3194 is support look for 3356.
Alternative scenario: the downside breakout of 3194 would call for 3136 and 3101.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (3249) but above its 50 period moving average (3228).
Supports and resistances:
3426 **
3391 *
3356 **
3322
3249 last
3216
3194 **
3136 *
3101 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-27-2024 at 22:18 UTC+1
Price reference: 3249 last known on 02-27-2024 at 22:18 UTC+1
Investment horizon: INTRADAY
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