Our pivot point is at 53470.
Our preference: as long as 53470 is support look for 56370.
Alternative scenario: below 53470, expect 52370 and 51710.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (54472) but above its 50 period moving average (54125).
Supports and resistances:
57690 **
57030 *
56370 **
55720
54403 last
53900
53470 **
52370 *
51710 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-07-2024 at 21:50 UTC+1
Price reference: 54403 last known on 09-07-2024 at 21:50 UTC+1
Investment horizon: INTRADAY
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