573.2 is our pivot point.
Our preference: the upside prevails as long as 573.2 is support.
Alternative scenario: the downside breakout of 573.2 would call for 565.7 and 561.3.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 572.5 and 562.8).
Supports and resistances:
603.9 **
599.5 *
595.0 **
590.6
580.7 last
576.1
573.2 **
565.7 *
561.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-06-2024 at 10:44 UTC+1
Price reference: 580.7 last known on 11-06-2024 at 10:44 UTC+1
Investment horizon: INTRADAY
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