596.6 is our pivot point.
Our preference: as long as 596.6 is support look for 627.4.
Alternative scenario: the downside breakout of 596.6 would call for 584.6 and 577.5.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 601.2 and 590.9).
Supports and resistances:
641.6 **
634.5 *
627.4 **
620.2
606.0 last
601.3
596.6 **
584.6 *
577.5 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-15-2024 at 02:14 UTC+1
Price reference: 606.0 last known on 03-15-2024 at 02:14 UTC+1
Investment horizon: INTRADAY
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