Synthesis
Pivot point : 8029.00
Our preference : long position above 8029.00 with targets at 8127.00 & 8160.00 in extension.
Alternative scenario : breaking 8029.00, a continuation of the decline will be possible with 7975.00 & 7946.00 in sight.
Comment
It is advisable to remain cautious because these levels could be an opportunity for profit taking.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Negative | Prices as of 04/24 | 8,105.78 |
| Basic trend | Bullish | Pivot | 8,029.00 |
| Bracket 1 | 8,029.00 | Additional distance 1 | 21.22 |
| Bracket 2 | 7,975.00 | Additional distance 2 | 54.22 |
| Resistance 1 | 8,127.00 | Additional variation 1 | +0.26% |
| Resistance 2 | 8,160.00 | Additional variation 2 | +0.67% |
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