Our pivot point stands at 125.0.
Our preference: as long as 125 is support look for 136.
Alternative scenario: the downside breakout of 125 would call for 121 and 118.6.
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 above both its 20 and 50 period moving average (respectively at 126.5 and 121.8).
Supports and resistances:
140.8 **
138.4 *
136.0 **
133.6
128.8 last
126.6
125.0 **
121.0 *
118.6 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-11-2025 at 10:43 UTC+1
Price reference: 128.8 last known on 02-11-2025 at 10:43 UTC+1
Investment horizon: INTRADAY
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