Our pivot point is at 775.2.
Our preference: as long as 775.2 is support look for 1014.6.
Alternative scenario: below 775.2, expect 688.3 and 636.5.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (855.7) but above its 50 period moving average (808).
Supports and resistances:
1119.8 **
1067.2 *
1014.6 **
962.1
851.1 last
809.3
775.2 **
688.3 *
636.5 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 12:05 UTC+1
Price reference: 851.1 last known on 09-02-2025 at 12:05 UTC+1
Investment horizon: ST
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