Our pivot point is at 107.55.
Our preference: as long as 107.55 is support look for 108.30
Alternative scenario: below 107.55, expect 107.29 and 107.13.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (107.82) but above its 50 period moving average (107.74).
Supports and resistances:
108.62 **
108.46 *
108.30 **
108.14
107.79 last
107.66
107.55 **
107.29 *
107.13 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2025 at 10:45 UTC+1
Price reference: 107.79 last known on 09-03-2025 at 10:45 UTC+1
Investment horizon: INTRADAY
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