Our pivot point stands at 99120.
Our preference: the downside prevails as long as 99120 is resistance.
Alternative scenario: above 99120, look for 100850 and 101880.
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 stands below its 20 and 50 period moving average (respectively at 97415 and 97606).
Supports and resistances:
101880 **
100850 *
99120 **
98440
97394 last
95310
94290 **
93270 *
92240 **
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 12-21-2024 at 21:50 UTC+1
Price reference: 97394 last known on 12-21-2024 at 21:50 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