710.2 is our pivot point.
Our preference: the downside prevails as long as 710.2 is resistance.
Alternative scenario: above 710.2, look for 723.7 and 731.8.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 704.2 and 713.3).
Supports and resistances:
731.8 **
723.7 *
710.2 **
704.8
699.3 last
681.1
673.0 **
665.0 *
656.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-19-2024 at 06:05 UTC+1
Price reference: 699.3 last known on 12-19-2024 at 06:05 UTC+1
Investment horizon: INTRADAY
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