Our pivot point is at 49.4.
Our preference: The upside prevails as long as 49.4 is support, with 50.8 and 51.2 as targets
Alternative scenario: below 49.4, expect 48.8 and 48.4.
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 above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 49.6 and 49.2).
Supports and resistances:
51.5 *
51.2 **
50.8
49.9 last
49.4 **
48.8 *
48.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-30-2026 at 21:10 UTC+1
Price reference: 49.9 last known on 08-30-2026 at 21:10 UTC+1
Investment horizon: INTRADAY
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