Our pivot point is at 68.0.
Our preference: the downside prevails as long as 68 is resistance.
Alternative scenario: above 68.0, look for 69.6 and 70.6.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67.1 and 67.4).
Supports and resistances:
70.6 **
69.6 *
68.0 **
67.4
66.7 last
64.8
63.8 **
62.9 *
61.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-18-2024 at 21:52 UTC+1
Price reference: 66.7 last known on 08-18-2024 at 21:52 UTC+1
Investment horizon: INTRADAY
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