Pivot: 49.05
Our preference: short positions below 49.05 with targets at 48.25 & 47.85 in extension.
Alternative scenario: above 49.05 look for further upside with 49.35 & 49.75 as targets.
Comment: as long as 49.05 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
49.75
49.35
49.05
48.65 Last
48.25
47.85
47.50
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-03-2025 at 00:33 UTC+1
Price reference: 48.65 last known on 11-03-2025 at 00:33 UTC+1
Investment horizon: INTRADAY
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