Our pivot point stands at 14.73.
Our preference: the downside prevails as long as 14.73 is resistance.
Alternative scenario: above 14.73, look for 15.09 and 15.30.
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 negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 14.66 and 15.02).
Supports and resistances:
15.30 **
15.09 *
14.73 **
14.59
14.44 last
13.99
13.78 **
13.57 *
13.36 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-12-2025 at 10:46 UTC+1
Price reference: 14.44 last known on 06-12-2025 at 10:46 UTC+1
Investment horizon: INTRADAY
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