135.1 is our pivot point.
Our preference: the upside prevails as long as 135.1 is support.
Alternative scenario: below 135.1, expect 130.7 and 128.2.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 131.3 and 126.2).
Supports and resistances:
152.6 **
150.0 *
147.4 **
144.8
139.0 last
136.8
135.1 **
130.7 *
128.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-17-2025 at 08:50 UTC+1
Price reference: 139.0 last known on 01-17-2025 at 08:50 UTC+1
Investment horizon: INTRADAY
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