Our pivot point is at 111780.
Our preference: the upside prevails as long as 111780 is support.
Alternative scenario: below 111780, expect 110570 and 109850.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 111524 and 110831).
Supports and resistances:
116370 **
115650 *
114930 **
114210
112732 last
112260
111780 **
110570 *
109850 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2025 at 10:40 UTC+1
Price reference: 112732 last known on 09-05-2025 at 10:40 UTC+1
Investment horizon: INTRADAY
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