Our pivot point stands at 62350.
Our preference: rebound.
Alternative scenario: below 62350, expect 60980 and 60160.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (63480) but under its 50 period moving average (63743).
Supports and resistances:
67760 **
66940 *
66120 **
65300
63639 last
62880
62350 **
60980 *
60160 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-07-2024 at 09:18 UTC+1
Price reference: 63639 last known on 05-07-2024 at 09:18 UTC+1
Investment horizon: INTRADAY
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