Our pivot point stands at 3609.
Our preference: as long as 3609 is support look for 3838.
Alternative scenario: the downside breakout of 3609 would call for 3523 and 3472.
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 under its 20 period moving average (3687) but above its 50 period moving average (3600).
Supports and resistances:
3941 **
3889 *
3838 **
3787
3685 last
3642
3609 **
3523 *
3472 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-09-2024 at 04:31 UTC+1
Price reference: 3685 last known on 04-09-2024 at 04:31 UTC+1
Investment horizon: INTRADAY
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