Our pivot point is at 2648.
Our preference: as long as 2648 is resistance look for 2521.
Alternative scenario: above 2648, look for 2697 and 2727.
Comment: the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above its 20 period moving average (2608) but under its 50 period moving average (2612).
Supports and resistances:
2727 **
2697 *
2648 **
2629
2610 last
2550
2521 **
2491 *
2462 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-18-2024 at 06:05 UTC+1
Price reference: 2610 last known on 10-18-2024 at 06:05 UTC+1
Investment horizon: INTRADAY
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