Our pivot point is at 3107.
Our preference: as long as 3107 is support look for 3275.
Alternative scenario: the downside breakout of 3107 would call for 3042 and 3004.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (3161) but above its 50 period moving average (3132).
Supports and resistances:
3352 **
3314 *
3275 **
3237
3158 last
3132
3107 **
3042 *
3004 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-19-2024 at 04:08 UTC+1
Price reference: 3158 last known on 11-19-2024 at 04:08 UTC+1
Investment horizon: INTRADAY
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