Our pivot point is at 390.4.
Our preference: the downside prevails as long as 390.4 is resistance.
Alternative scenario: the upside breakout of 390.4, would call for 396 and 399.3.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 403 and 412.3).
Supports and resistances:
399.3 **
396.0 *
390.4 **
388.2
386.0 last
379.3
376.0 **
372.7 *
369.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-06-2024 at 04:32 UTC+1
Price reference: 386.0 last known on 03-06-2024 at 04:32 UTC+1
Investment horizon: INTRADAY
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