Our pivot point stands at 100570.
Our preference: the upside prevails as long as 100570 is support.
Alternative scenario: below 100570, expect 99010 and 98080.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 101299 and 100193).
Supports and resistances:
106630 **
105690 *
104760 **
103830
101820 last
101190
100570 **
99010 *
98080 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-17-2025 at 10:42 UTC+1
Price reference: 101820 last known on 01-17-2025 at 10:42 UTC+1
Investment horizon: INTRADAY
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