Our pivot point is at 4299.
Our preference: the upside prevails as long as 4299 is support.
Alternative scenario: the downside breakout of 4299 would call for 4186 and 4119.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4359 and 4366).
Supports and resistances:
4733 **
4666 *
4598 **
4531
4393 last
4343
4299 **
4186 *
4119 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 10:41 UTC+1
Price reference: 4393 last known on 09-02-2025 at 10:41 UTC+1
Investment horizon: INTRADAY
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