Pivot: 70.25
Our preference: long positions above 70.25 with targets at 71.20 & 71.60 in extension.
Alternative scenario: below 70.25 look for further downside with 69.85 & 69.50 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
72.00
71.60
71.20
70.44 Last
70.25
69.85
69.50
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-16-2024 at 06:59 UTC+1
Price reference: 70.44 last known on 12-16-2024 at 06:59 UTC+1
Investment horizon: INTRADAY
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