Our pivot point stands at 111790.
Our preference: target 108700.
Alternative scenario: above 111790, look for 112980 and 113680.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (111126) but above its 50 period moving average (110740).
Supports and resistances:
113680 **
112980 *
111790 **
111320
110817 last
109400
108700 **
107990 *
107280 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2025 at 08:47 UTC+1
Price reference: 110817 last known on 09-03-2025 at 08:47 UTC+1
Investment horizon: INTRADAY
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