Our pivot point is at 67.0.
Our preference: as long as 67 is support look for 70.5.
Alternative scenario: the downside breakout of 67 would call for 65.7 and 64.9.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (68.1) but above its 50 period moving average (67.6).
Supports and resistances:
72.0 **
71.2 *
70.5 **
69.7
68.1 last
67.6
67.0 **
65.7 *
64.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-01-2024 at 15:03 UTC+1
Price reference: 68.1 last known on 10-01-2024 at 15:03 UTC+1
Investment horizon: INTRADAY
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