Our pivot point stands at 60.1.
Our preference: the upside prevails as long as 60.1 is support.
Alternative scenario: the downside breakout of 60.1 would call for 59 and 58.3.
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 60.8 and 60.5).
Supports and resistances:
64.7 **
64.0 *
63.3 **
62.6
61.2 last
60.6
60.1 **
59.0 *
58.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-12-2024 at 16:01 UTC+1
Price reference: 61.2 last known on 08-12-2024 at 16:01 UTC+1
Investment horizon: INTRADAY
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