Our pivot point is at 2790.
Our preference: the upside prevails as long as 2790 is support.
Alternative scenario: below 2790, expect 2730 and 2694.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (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 2784 and 2757).
Supports and resistances:
3017 **
2981 *
2945 **
2909
2837 last
2814
2790 **
2730 *
2694 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-21-2025 at 15:02 UTC+1
Price reference: 2837 last known on 02-21-2025 at 15:02 UTC+1
Investment horizon: INTRADAY
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