Our pivot point is at 75.2.
Our preference: rebound towards 81.7.
Alternative scenario: below 75.2, expect 72.8 and 71.4.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 79 and 82.1).
Supports and resistances:
84.6 **
83.2 *
81.7 **
80.3
77.4 last
76.2
75.2 **
72.8 *
71.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-01-2025 at 08:43 UTC+1
Price reference: 77.4 last known on 12-01-2025 at 08:43 UTC+1
Investment horizon: INTRADAY
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