Our pivot point is at 41800.
Our preference: the downside prevails as long as 41800 is resistance.
Alternative scenario: the upside breakout of 41800, would call for 42480 and 42890.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 41378 and 41489).
Supports and resistances:
42890 **
42480 *
41800 **
41530
41224 last
40260
39850 **
39450 *
39040 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-12-2023 at 22:15 UTC+1
Price reference: 41224 last known on 12-12-2023 at 22:15 UTC+1
Investment horizon: INTRADAY
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