Our pivot point stands at 102590.
Our preference: the upside prevails as long as 102590 is support.
Alternative scenario: below 102590, expect 100740 and 99630.
Comment: the RSI is above its neutrality area at 50. 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 103565 and 102904).
Supports and resistances:
109780 **
108670 *
107570 **
106460
104230 last
103320
102590 **
100740 *
99630 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-16-2025 at 04:05 UTC+1
Price reference: 104230 last known on 05-16-2025 at 04:05 UTC+1
Investment horizon: INTRADAY
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