Our pivot point stands at 2635.
Our preference: the upside prevails as long as 2635 is support.
Alternative scenario: below 2635, expect 2577 and 2543.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2598 and 2594).
Supports and resistances:
2858 **
2824 *
2790 **
2755
2686 last
2657
2635 **
2577 *
2543 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-12-2024 at 16:00 UTC+1
Price reference: 2686 last known on 08-12-2024 at 16:00 UTC+1
Investment horizon: INTRADAY
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