Our pivot point stands at 113500.
Our preference: the upside prevails as long as 113500 is support.
Alternative scenario: below 113500, expect 112360 and 111680.
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 above its 20 and 50 period moving average (respectively at 113986 and 113474).
Supports and resistances:
118160 **
117470 *
116790 **
116110
114400 last
113950
113500 **
112360 *
111680 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-03-2025 at 21:47 UTC+1
Price reference: 114400 last known on 08-03-2025 at 21:47 UTC+1
Investment horizon: INTRADAY
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