592.8 is our pivot point.
Our preference: the upside prevails as long as 592.8 is support.
Alternative scenario: the downside breakout of 592.8 would call for 583.1 and 577.3.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 599.8 and 596.2).
Supports and resistances:
632.8 **
627.0 *
621.2 **
615.3
601.5 last
596.6
592.8 **
583.1 *
577.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2024 at 09:05 UTC+1
Price reference: 601.5 last known on 06-02-2024 at 09:05 UTC+1
Investment horizon: INTRADAY
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