Our pivot point is at 62780.
Our preference: the upside prevails as long as 62780 is support.
Alternative scenario: the downside breakout of 62780 would call for 61520 and 60770.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 63472 and 63358).
Supports and resistances:
67720 **
66970 *
66220 **
65460
63959 last
63280
62780 **
61520 *
60770 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-24-2024 at 21:49 UTC+1
Price reference: 63959 last known on 09-24-2024 at 21:49 UTC+1
Investment horizon: INTRADAY
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