Our pivot point stands at 109250.
Our preference: as long as 109250 is support look for 112370.
Alternative scenario: below 109250, expect 108090 and 107400.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 109876 and 109300).
Supports and resistances:
113760 **
113070 *
112370 **
111680
110238 last
109710
109250 **
108090 *
107400 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 10:40 UTC+1
Price reference: 110238 last known on 09-02-2025 at 10:40 UTC+1
Investment horizon: INTRADAY
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