Our pivot point stands at 80.0.
Our preference: the upside prevails as long as 80 is support.
Alternative scenario: below 80.0, expect 78.7 and 77.9.
Comment: the RSI is above 50. 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 79.4 and 78.5).
Supports and resistances:
85.9 **
85.1 *
84.3 **
83.5
81.1 last
80.5
80.0 **
78.7 *
77.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-12-2024 at 11:00 UTC+1
Price reference: 81.1 last known on 11-12-2024 at 11:00 UTC+1
Investment horizon: INTRADAY
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