Our pivot point stands at 102.4.
Our preference: as long as 102.4 is support look for 111.4.
Alternative scenario: the downside breakout of 102.4 would call for 99.1 and 97.2.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (106.2) but above its 50 period moving average (100.4).
Supports and resistances:
115.3 **
113.3 *
111.4 **
109.4
105.0 last
103.7
102.4 **
99.1 *
97.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-04-2025 at 04:06 UTC+1
Price reference: 105.0 last known on 02-04-2025 at 04:06 UTC+1
Investment horizon: INTRADAY
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