Our pivot point is at 59860.
Our preference: as long as 59860 is support look for 62970.
Alternative scenario: the downside breakout of 59860 would call for 58670 and 57970.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (60796) but above its 50 period moving average (60136).
Supports and resistances:
64380 **
63670 *
62970 **
62260
60796 last
60320
59860 **
58670 *
57970 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-14-2024 at 08:50 UTC+1
Price reference: 60796 last known on 08-14-2024 at 08:50 UTC+1
Investment horizon: INTRADAY
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