Our pivot point stands at 64.0.
Our preference: the downside prevails as long as 64 is resistance.
Alternative scenario: the upside breakout of 64, would call for 65.2 and 66.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63.5 and 63.7).
Supports and resistances:
66.0 **
65.2 *
64.0 **
63.5
62.9 last
61.0
60.3 **
59.6 *
58.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-02-2024 at 21:50 UTC+1
Price reference: 62.9 last known on 10-02-2024 at 21:50 UTC+1
Investment horizon: INTRADAY
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