Our pivot point stands at 110530.
Our preference: the downside prevails as long as 110530 is resistance.
Alternative scenario: above 110530, look for 112250 and 113280.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 109575 and 109319).
Supports and resistances:
113280 **
112250 *
110530 **
109860
109000 last
106910
105890 **
104860 *
103840 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 05-26-2025 at 21:50 UTC+1
Price reference: 109000 last known on 05-26-2025 at 21:50 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf