Our pivot point is at 113.33.
Our preference: The downside prevails as long as 113.33 is resistance, with 112.71 and 112.54 as targets
Alternative scenario: above 113.33, look for 113.61 and 113.78.
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 113.33 and 113.34).
Supports and resistances:
113.78 **
113.61 *
113.33 **
113.10 last
112.71
112.54 **
112.37 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-18-2026 at 21:35 UTC+1
Price reference: 113.10 last known on 08-18-2026 at 21:35 UTC+1
Investment horizon: INTRADAY
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