Our pivot point stands at 66730.
Our preference: as long as 66730 is support look for 70040.
Alternative scenario: the downside breakout of 66730 would call for 65450 and 64700.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 67740 and 67693).
Supports and resistances:
71550 **
70790 *
70040 **
69280
67765 last
67220
66730 **
65450 *
64700 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2024 at 09:05 UTC+1
Price reference: 67765 last known on 06-02-2024 at 09:05 UTC+1
Investment horizon: INTRADAY
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