Our pivot point is at 3,947.
Our preference: The downside prevails as long as 3,947 is resistance, with 3,870 and 3,852 as targets
Alternative scenario: above 3,947, look for 3,978 and 3,996.
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 3,965 and 3,994).
Supports and resistances:
3,996 **
3,978 *
3,947 **
3,907 last
3,870
3,852 **
3,834 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-30-2026 at 16:45 UTC+1
Price reference: 3907 last known on 10-30-2026 at 16:45 UTC+1
Investment horizon: INTRADAY
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