Our pivot point is at 109810.
Our preference: the upside prevails as long as 109810 is support.
Alternative scenario: below 109810, expect 108620 and 107910.
Comment: the RSI is above 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 110201 and 110699).
Supports and resistances:
114320 **
113610 *
112910 **
112200
110740 last
110270
109810 **
108620 *
107910 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2025 at 02:02 UTC+1
Price reference: 110740 last known on 09-05-2025 at 02:02 UTC+1
Investment horizon: INTRADAY
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