Our pivot point is at 58960.
Our preference: the upside prevails as long as 58960 is support.
Alternative scenario: the downside breakout of 58960 would call for 58090 and 57560.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 58847 and 59214).
Supports and resistances:
62460 **
61940 *
61420 **
60890
59819 last
59310
58960 **
58090 *
57560 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-12-2024 at 15:59 UTC+1
Price reference: 59819 last known on 08-12-2024 at 15:59 UTC+1
Investment horizon: INTRADAY
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