Our pivot point is at 2485.
Our preference: the downside prevails as long as 2485 is resistance.
Alternative scenario: the upside breakout of 2485, would call for 2532 and 2560.
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 2492 and 2514).
Supports and resistances:
2560 **
2532 *
2485 **
2467
2447 last
2370
2342 **
2314 *
2286 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-18-2024 at 22:00 UTC+1
Price reference: 2447 last known on 01-18-2024 at 22:00 UTC+1
Investment horizon: INTRADAY
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