Our pivot point stands at 601.8.
Our preference: the downside prevails as long as 601.8 is resistance.
Alternative scenario: above 601.8, look for 617.5 and 626.9.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 589.3 and 590.2).
Supports and resistances:
626.9 **
617.5 *
601.8 **
595.7
586.9 last
567.5
558.2 **
549.0 *
539.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-07-2024 at 09:17 UTC+1
Price reference: 586.9 last known on 05-07-2024 at 09:17 UTC+1
Investment horizon: INTRADAY
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