Our pivot point is at 56390.
Our preference: rebound towards 58590.
Alternative scenario: the downside breakout of 56390 would call for 55580 and 55100.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 57134 and 57579).
Supports and resistances:
59560 **
59070 *
58590 **
58100
57104 last
56710
56390 **
55580 *
55100 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-07-2024 at 23:11 UTC+1
Price reference: 57104 last known on 07-07-2024 at 23:11 UTC+1
Investment horizon: INTRADAY
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