Our pivot point stands at 107590.
Our preference: rebound towards 112150.
Alternative scenario: below 107590, expect 105870 and 104850.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 109381 and 110401).
Supports and resistances:
114190 **
113170 *
112150 **
111130
108940 last
108260
107590 **
105870 *
104850 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-23-2025 at 21:50 UTC+1
Price reference: 108940 last known on 05-23-2025 at 21:50 UTC+1
Investment horizon: INTRADAY
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