Our pivot point is at 3061.
Our preference: rebound.
Alternative scenario: the downside breakout of 3061 would call for 2996 and 2958.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (3113) but below its 50 period moving average (3122).
Supports and resistances:
3306 **
3268 *
3229 **
3191
3114 last
3086
3061 **
2996 *
2958 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-20-2024 at 02:05 UTC+1
Price reference: 3114 last known on 11-20-2024 at 02:05 UTC+1
Investment horizon: INTRADAY
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