117230 is our pivot point.
Our preference: the downside prevails as long as 117230 is resistance.
Alternative scenario: the upside breakout of 117230, would call for 125450 and 130350.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 113152 and 115751).
Supports and resistances:
130350 **
125450 *
117230 **
113990
110400 last
99260
94450 **
89630 *
84820 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 12:05 UTC+1
Price reference: 110400 last known on 09-02-2025 at 12:05 UTC+1
Investment horizon: ST
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