Our pivot point stands at 110140.
Our preference: as long as 110140 is support look for 113200.
Alternative scenario: below 110140, expect 108950 and 108240.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (111151) but above its 50 period moving average (110682).
Supports and resistances:
114620 **
113910 *
113200 **
112500
111077 last
110610
110140 **
108950 *
108240 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2025 at 06:05 UTC+1
Price reference: 111077 last known on 09-03-2025 at 06:05 UTC+1
Investment horizon: INTRADAY
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