Our pivot point is at 68200.
Our preference: as long as 68200 is support look for 70980.
Alternative scenario: the downside breakout of 68200 would call for 67150 and 66520.
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 above its 20 and 50 period moving average (respectively at 69017 and 68687).
Supports and resistances:
72230 **
71610 *
70980 **
70350
69076 last
68610
68200 **
67150 *
66520 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2024 at 08:49 UTC+1
Price reference: 69076 last known on 10-21-2024 at 08:49 UTC+1
Investment horizon: INTRADAY
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