Our pivot point stands at 2477.
Our preference: the downside prevails as long as 2477 is resistance.
Alternative scenario: above 2477, look for 2552 and 2597.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 2505 and 2570).
Supports and resistances:
2597 **
2552 *
2477 **
2447
2408 last
2317
2272 **
2228 *
2183 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-06-2025 at 02:05 UTC+1
Price reference: 2408 last known on 06-06-2025 at 02:05 UTC+1
Investment horizon: INTRADAY
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