Our pivot point is at 3096.
Our preference: target 2881.
Alternative scenario: above 3096, look for 3174 and 3220.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (3034) but above its 50 period moving average (3016).
Supports and resistances:
3220 **
3174 *
3096 **
3066
3021 last
2927
2881 **
2835 *
2789 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-01-2025 at 00:22 UTC+1
Price reference: 3021 last known on 12-01-2025 at 00:22 UTC+1
Investment horizon: INTRADAY
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