Our pivot point stands at 3249.
Our preference: the downside prevails as long as 3249 is resistance.
Alternative scenario: above 3249, look for 3330 and 3378.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3243 and 3284).
Supports and resistances:
3378 **
3330 *
3249 **
3218
3180 last
3075
3028 **
2980 *
2932 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-29-2024 at 09:10 UTC+1
Price reference: 3180 last known on 04-29-2024 at 09:10 UTC+1
Investment horizon: INTRADAY
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