Our pivot point is at 65.9.
Our preference: the downside prevails as long as 65.9 is resistance.
Alternative scenario: the upside breakout of 65.9, would call for 67.2 and 68.
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 stands below its 20 and 50 period moving average (respectively at 65.6 and 66.5).
Supports and resistances:
68.0 **
67.2 *
65.9 **
65.4
64.9 last
63.3
62.5 **
61.8 *
61.0 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-08-2024 at 02:05 UTC+1
Price reference: 64.9 last known on 10-08-2024 at 02:05 UTC+1
Investment horizon: INTRADAY
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