Our pivot point stands at 64.9.
Our preference: rebound towards 69.0.
Alternative scenario: the downside breakout of 64.9 would call for 63.4 and 62.4.
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 66.4 and 66.9).
Supports and resistances:
70.9 **
69.9 *
69.0 **
68.1
66.2 last
65.6
64.9 **
63.4 *
62.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-19-2024 at 06:05 UTC+1
Price reference: 66.2 last known on 08-19-2024 at 06:05 UTC+1
Investment horizon: INTRADAY
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