Pivot: 77.35
Our preference: short positions below 77.35 with targets at 69.20 & 65.50 in extension.
Alternative scenario: above 77.35 look for further upside with 80.75 & 84.50 as targets.
Comment: as long as 77.35 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
84.50 **
80.75 ***
77.35 ***
70.74 Last
69.20 ***
65.50 ***
61.60 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 02-17-2025 at 02:29 UTC+1
Price reference: 70.74 last known on 02-17-2025 at 02:29 UTC+1
Investment horizon: ST
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf