Our pivot point is at 250.6.
Our preference: as long as 250.6 is support look for 263.
Alternative scenario: the downside breakout of 250.6 would call for 246.5 and 244.1.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 252.2 and 244.5).
Supports and resistances:
267.9 **
265.5 *
263.0 **
260.6
255.4 last
252.2
250.6 **
246.5 *
244.1 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-12-2023 at 22:14 UTC+1
Price reference: 255.4 last known on 12-12-2023 at 22:14 UTC+1
Investment horizon: INTRADAY
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