Our pivot point is at 123.6.
Our preference: the downside prevails as long as 123.6 is resistance.
Alternative scenario: above 123.6, look for 127.4 and 129.7.
Comment: the RSI is below 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 123.9 and 122.1).
Supports and resistances:
129.7 **
127.4 *
123.6 **
122.1
120.4 last
114.9
112.7 **
110.5 *
108.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-18-2024 at 08:51 UTC+1
Price reference: 120.4 last known on 12-18-2024 at 08:51 UTC+1
Investment horizon: INTRADAY
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