Our pivot point stands at 110370.
Our preference: the upside prevails as long as 110370 is support.
Alternative scenario: the downside breakout of 110370 would call for 109180 and 108470.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 110766 and 110588).
Supports and resistances:
114860 **
114150 *
113440 **
112730
111308 last
110840
110370 **
109180 *
108470 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2025 at 06:02 UTC+1
Price reference: 111308 last known on 09-05-2025 at 06:02 UTC+1
Investment horizon: INTRADAY
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