Our pivot point is at 124.1.
Our preference: the downside prevails as long as 124.1 is resistance.
Alternative scenario: the upside breakout of 124.1, would call for 127.9 and 130.1.
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 stands below its 20 and 50 period moving average (respectively at 121.7 and 120.7).
Supports and resistances:
130.1 **
127.9 *
124.1 **
122.6
120.2 last
114.6
112.4 **
110.2 *
108.0 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-12-2024 at 21:56 UTC+1
Price reference: 120.2 last known on 12-12-2024 at 21:56 UTC+1
Investment horizon: INTRADAY
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