105660 is our pivot point.
Our preference: the downside prevails as long as 105660 is resistance.
Alternative scenario: the upside breakout of 105660, would call for 107510 and 108600.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 105002 and 106196).
Supports and resistances:
108600 **
107510 *
105660 **
104940
104214 last
101810
100720 **
99620 *
98530 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 12-18-2024 at 08:50 UTC+1
Price reference: 104214 last known on 12-18-2024 at 08:50 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf