Our pivot point stands at 113.2.
Our preference: technical rebound towards 113.2 before a new drop.
Alternative scenario: above 113.2, look for 115.8 and 117.3.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (110.5) but below its 50 period moving average (111.2).
Supports and resistances:
117.3 **
115.8 *
113.2 **
112.1
111.1 last
107.9
106.4 **
104.8 *
103.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2025 at 02:04 UTC+1
Price reference: 111.1 last known on 09-05-2025 at 02:04 UTC+1
Investment horizon: INTRADAY
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