Our pivot point stands at 111000.
Our preference: as long as 111000 is support look for 114090.
Alternative scenario: below 111000, expect 109800 and 109090.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (112049) but above its 50 period moving average (111596).
Supports and resistances:
115520 **
114800 *
114090 **
113380
111947 last
111480
111000 **
109800 *
109090 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-04-2025 at 04:02 UTC+1
Price reference: 111947 last known on 09-04-2025 at 04:02 UTC+1
Investment horizon: INTRADAY
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