Our pivot point stands at 600.4.
Our preference: the upside prevails as long as 600.4 is support.
Alternative scenario: the downside breakout of 600.4 would call for 512.4 and 460.
Comment: the RSI is above its neutrality area at 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 676.9 and 630.5).
Supports and resistances:
980.1 **
925.0 *
869.9 **
814.8
701.1 last
635.0
600.4 **
512.4 *
460.0 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-10-2024 at 12:07 UTC+1
Price reference: 701.1 last known on 12-10-2024 at 12:07 UTC+1
Investment horizon: ST
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