Our pivot point stands at 860.7.
Our preference: the upside prevails as long as 860.7 is support.
Alternative scenario: the downside breakout of 860.7 would call for 838 and 824.4.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 860.8 and 839.3).
Supports and resistances:
947.2 **
933.6 *
920.1 **
906.5
879.0 last
869.7
860.7 **
838.0 *
824.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-03-2025 at 02:04 UTC+1
Price reference: 879.0 last known on 12-03-2025 at 02:04 UTC+1
Investment horizon: INTRADAY
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