3974 is our pivot point.
Our preference: the downside prevails as long as 3974 is resistance.
Alternative scenario: the upside breakout of 3974, would call for 4068 and 4124.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3935 and 3903).
Supports and resistances:
4124 **
4068 *
3974 **
3937
3887 last
3759
3703 **
3648 *
3592 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-12-2024 at 21:55 UTC+1
Price reference: 3887 last known on 12-12-2024 at 21:55 UTC+1
Investment horizon: INTRADAY
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