Our pivot point stands at 162.77.
Our preference: the upside prevails as long as 162.77 is support.
Alternative scenario: the downside breakout of 162.77 would call for 162.15 and 161.79.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 163.17 and 163.22).
Supports and resistances:
165.16 **
164.79 *
164.42 **
164.05
163.26 last
163.01
162.77 **
162.15 *
161.79 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2025 at 22:02 UTC+1
Price reference: 163.26 last known on 06-02-2025 at 22:02 UTC+1
Investment horizon: INTRADAY
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