Pivot: 58.50
Our preference: long positions above 58.50 with targets at 60.15 & 61.00 in extension.
Alternative scenario: below 58.50 look for further downside with 57.75 & 56.40 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
61.60
61.00
60.15
58.81 Last
58.50
57.75
56.40
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-02-2025 at 12:15 UTC+1
Price reference: 58.81 last known on 05-02-2025 at 12:15 UTC+1
Investment horizon: INTRADAY
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