Our pivot point is at 100200.
Our preference: the upside prevails as long as 100200 is support.
Alternative scenario: the downside breakout of 100200 would call for 98640 and 97710.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 100886 and 99997).
Supports and resistances:
106410 **
105480 *
104540 **
103610
101650 last
100820
100200 **
98640 *
97710 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-17-2025 at 08:50 UTC+1
Price reference: 101650 last known on 01-17-2025 at 08:50 UTC+1
Investment horizon: INTRADAY
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