Our pivot point is at 110620.
Our preference: the upside prevails as long as 110620 is support.
Alternative scenario: the downside breakout of 110620 would call for 109420 and 108710.
Comment: the RSI is above 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 111119 and 110644).
Supports and resistances:
115220 **
114500 *
113790 **
113080
111653 last
111090
110620 **
109420 *
108710 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2025 at 08:47 UTC+1
Price reference: 111653 last known on 09-05-2025 at 08:47 UTC+1
Investment horizon: INTRADAY
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