Our pivot point stands at 68070.
Our preference: as long as 68070 is support look for 71550.
Alternative scenario: the downside breakout of 68070 would call for 66730 and 65940.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69126 and 68919).
Supports and resistances:
73140 **
72340 *
71550 **
70750
69131 last
68600
68070 **
66730 *
65940 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-25-2024 at 22:15 UTC+1
Price reference: 69131 last known on 05-25-2024 at 22:15 UTC+1
Investment horizon: INTRADAY
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