Our pivot point is at 206.87.
Our preference: as long as 206.87 is support look for 207.93
Alternative scenario: below 206.87, expect 206.49 and 206.26.
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 below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 207.02 and 206.51).
Supports and resistances:
208.39 **
208.16 *
207.93 **
207.71
207.22 last
207.02
206.87 **
206.49 *
206.26 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-04-2025 at 00:15 UTC+1
Price reference: 207.22 last known on 12-04-2025 at 00:15 UTC+1
Investment horizon: INTRADAY
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