Our pivot point is at 2355.
Our preference: the upside prevails as long as 2355 is support.
Alternative scenario: the downside breakout of 2355 would call for 2295 and 2259.
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 2363 and 2333).
Supports and resistances:
2584 **
2548 *
2512 **
2476
2403 last
2379
2355 **
2295 *
2259 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-19-2024 at 06:05 UTC+1
Price reference: 2403 last known on 09-19-2024 at 06:05 UTC+1
Investment horizon: INTRADAY
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