Our pivot point stands at 4421.
Our preference: technical rebound towards 4421 before a new drop.
Alternative scenario: above 4421, look for 4531 and 4597.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (4316) but under its 50 period moving average (4340).
Supports and resistances:
4597 **
4531 *
4421 **
4377
4334 last
4202
4136 **
4071 *
4005 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2025 at 06:05 UTC+1
Price reference: 4334 last known on 09-03-2025 at 06:05 UTC+1
Investment horizon: INTRADAY
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