Our pivot point is at 56.04.
Our preference: The downside prevails as long as 56.04 is resistance, with 54.08 and 53.54 as targets
Alternative scenario: above 56.04, look for 56.94 and 57.47.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 55.82 and 56.74).
Supports and resistances:
57.47 **
56.94 *
56.04 **
55.22 last
54.08
53.54 **
53.01 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-22-2026 at 17:45 UTC+1
Price reference: 55.22 last known on 10-22-2026 at 17:45 UTC+1
Investment horizon: INTRADAY
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