Our pivot point is at 647.6.
Our preference: as long as 647.6 is support look for 673.1.
Alternative scenario: the downside breakout of 647.6 would call for 638.1 and 632.4.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 655 and 645).
Supports and resistances:
684.5 **
678.8 *
673.1 **
667.5
656.1 last
651.4
647.6 **
638.1 *
632.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-29-2024 at 06:05 UTC+1
Price reference: 656.1 last known on 11-29-2024 at 06:05 UTC+1
Investment horizon: INTRADAY
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