Our pivot point is at 113.3.
Our preference: the downside prevails as long as 113.3 is resistance.
Alternative scenario: the upside breakout of 113.3, would call for 115.9 and 117.5.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 112.3 and 112.3).
Supports and resistances:
117.5 **
115.9 *
113.3 **
112.3
111.2 last
108.0
106.4 **
104.9 *
103.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-04-2025 at 08:49 UTC+1
Price reference: 111.2 last known on 09-04-2025 at 08:49 UTC+1
Investment horizon: INTRADAY
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