Our pivot point stands at 93440.
Our preference: target 89380.
Alternative scenario: above 93440, look for 94990 and 95910.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (92693) but above its 50 period moving average (92058).
Supports and resistances:
95910 **
94990 *
93440 **
92830
92181 last
90310
89380 **
88460 *
87540 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-20-2024 at 02:05 UTC+1
Price reference: 92181 last known on 11-20-2024 at 02:05 UTC+1
Investment horizon: INTRADAY
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