Our pivot point stands at 698.6.
Our preference: the upside prevails as long as 698.6 is support.
Alternative scenario: the downside breakout of 698.6 would call for 683.9 and 675.2.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 701.7 and 693.6).
Supports and resistances:
754.5 **
745.8 *
737.0 **
728.3
710.8 last
704.3
698.6 **
683.9 *
675.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-25-2024 at 15:02 UTC+1
Price reference: 710.8 last known on 12-25-2024 at 15:02 UTC+1
Investment horizon: INTRADAY
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