Our pivot point stands at 96120.
Our preference: as long as 96120 is support look for 99620.
Alternative scenario: the downside breakout of 96120 would call for 94780 and 93980.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 96978 and 96513).
Supports and resistances:
101220 **
100420 *
99620 **
98820
97173 last
96650
96120 **
94780 *
93980 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-20-2025 at 10:40 UTC+1
Price reference: 97173 last known on 02-20-2025 at 10:40 UTC+1
Investment horizon: INTRADAY
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