Our pivot point stands at 71050.
Our preference: as long as 71050 is support look for 74020.
Alternative scenario: the downside breakout of 71050 would call for 70040 and 69440.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 72097 and 71170).
Supports and resistances:
75230 **
74620 *
74020 **
73410
72200 last
71450
71050 **
70040 *
69440 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-29-2024 at 21:50 UTC+1
Price reference: 72200 last known on 10-29-2024 at 21:50 UTC+1
Investment horizon: INTRADAY
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