130.7 is our pivot point.
Our preference: the downside prevails as long as 130.7 is resistance.
Alternative scenario: above 130.7, look for 134.7 and 137.1.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 129.3 and 129.1).
Supports and resistances:
137.1 **
134.7 *
130.7 **
129.1
127.6 last
121.3
118.9 **
116.6 *
114.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-31-2025 at 21:57 UTC+1
Price reference: 127.6 last known on 01-31-2025 at 21:57 UTC+1
Investment horizon: INTRADAY
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