Our pivot point stands at 3242.
Our preference: rebound towards 3431.
Alternative scenario: the downside breakout of 3242 would call for 3170 and 3127.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (3297) but under its 50 period moving average (3332).
Supports and resistances:
3517 **
3474 *
3431 **
3388
3299 last
3271
3242 **
3170 *
3127 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-05-2024 at 11:01 UTC+1
Price reference: 3299 last known on 04-05-2024 at 11:01 UTC+1
Investment horizon: INTRADAY
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