Our pivot point stands at 109.4.
Our preference: as long as 109.4 is support look for 116.3.
Alternative scenario: below 109.4, expect 106.7 and 105.2.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 111.5 and 110.9).
Supports and resistances:
119.5 **
117.9 *
116.3 **
114.8
111.6 last
110.4
109.4 **
106.7 *
105.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2025 at 08:49 UTC+1
Price reference: 111.6 last known on 09-03-2025 at 08:49 UTC+1
Investment horizon: INTRADAY
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