Our pivot point stands at 61970.
Our preference: rebound towards 65250.
Alternative scenario: below 61970, expect 60710 and 59960.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63111 and 63504).
Supports and resistances:
66760 **
66010 *
65250 **
64500
62970 last
62470
61970 **
60710 *
59960 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-27-2024 at 06:04 UTC+1
Price reference: 62970 last known on 08-27-2024 at 06:04 UTC+1
Investment horizon: INTRADAY
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