Our pivot point is at 98410.
Our preference: the downside prevails as long as 98410 is resistance.
Alternative scenario: the upside breakout of 98410, would call for 100100 and 101100.
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 is trading under both its 20 and 50 period moving average (respectively at 97073 and 98001).
Supports and resistances:
101100 **
100100 *
98410 **
97740
96804 last
94740
93740 **
92740 *
91730 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-10-2024 at 06:05 UTC+1
Price reference: 96804 last known on 12-10-2024 at 06:05 UTC+1
Investment horizon: INTRADAY
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