579.9 is our pivot point.
Our preference: the downside prevails as long as 579.9 is resistance.
Alternative scenario: the upside breakout of 579.9, would call for 587.8 and 592.5.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 576 and 581.8).
Supports and resistances:
592.5 **
587.8 *
579.9 **
576.8
572.8 last
562.4
557.8 **
553.1 *
548.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-01-2024 at 21:59 UTC+1
Price reference: 572.8 last known on 11-01-2024 at 21:59 UTC+1
Investment horizon: INTRADAY
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