Our pivot point stands at 2850.
Our preference: rebound towards 3036.
Alternative scenario: the downside breakout of 2850 would call for 2780 and 2738.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2914 and 2936).
Supports and resistances:
3120 **
3078 *
3036 **
2994
2908 last
2878
2850 **
2780 *
2738 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-14-2024 at 16:21 UTC+1
Price reference: 2908 last known on 05-14-2024 at 16:21 UTC+1
Investment horizon: INTRADAY
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