Our pivot point stands at 85700.
Our preference: as long as 85700 is support look for 89260.
Alternative scenario: below 85700, expect 84360 and 83570.
Comment: the RSI is above its neutrality area at 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 (86755) but above its 50 period moving average (86162).
Supports and resistances:
90850 **
90050 *
89260 **
88460
86743 last
86220
85700 **
84360 *
83570 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-02-2025 at 10:42 UTC+1
Price reference: 86743 last known on 12-02-2025 at 10:42 UTC+1
Investment horizon: INTRADAY
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