Our pivot point stands at 592.0.
Our preference: as long as 592 is support look for 637.7.
Alternative scenario: the downside breakout of 592 would call for 574.3 and 563.7.
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 below its 20 period moving average (606.6) but above its 50 period moving average (601.3).
Supports and resistances:
658.9 **
648.3 *
637.7 **
627.2
606.0 last
599.0
592.0 **
574.3 *
563.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-24-2024 at 02:31 UTC+1
Price reference: 606.0 last known on 04-24-2024 at 02:31 UTC+1
Investment horizon: INTRADAY
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