Our pivot point stands at 2682.
Our preference: as long as 2682 is support look for 2834.
Alternative scenario: below 2682, expect 2624 and 2589.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (2732) but above its 50 period moving average (2721).
Supports and resistances:
2904 **
2869 *
2834 **
2800
2727 last
2704
2682 **
2624 *
2589 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-20-2025 at 10:42 UTC+1
Price reference: 2727 last known on 02-20-2025 at 10:42 UTC+1
Investment horizon: INTRADAY
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