Our pivot point stands at 71.1.
Our preference: rebound towards 74.8.
Alternative scenario: the downside breakout of 71.1 would call for 69.7 and 68.9.
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 above its 20 period moving average (72) but under its 50 period moving average (72.7).
Supports and resistances:
76.5 **
75.7 *
74.8 **
74.0
72.2 last
71.6
71.1 **
69.7 *
68.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-31-2024 at 09:49 UTC+1
Price reference: 72.2 last known on 07-31-2024 at 09:49 UTC+1
Investment horizon: INTRADAY
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