Our pivot point is at 60880.
Our preference: rebound towards 64380.
Alternative scenario: the downside breakout of 60880 would call for 59540 and 58750.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 61964 and 62494).
Supports and resistances:
65970 **
65170 *
64380 **
63580
61958 last
61400
60880 **
59540 *
58750 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-14-2024 at 16:20 UTC+1
Price reference: 61958 last known on 05-14-2024 at 16:20 UTC+1
Investment horizon: INTRADAY
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