Our pivot point is at 93.68.
Our preference: the downside prevails as long as 93.68 is resistance
Alternative scenario: above 93.68, look for 94.12 and 94.39.
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. Moreover, the price stands below its 20 and 50 period moving average (respectively at 93.54 and 93.98).
Supports and resistances:
94.39 **
94.12 *
93.68 **
93.50
93.27 last
92.71
92.44 **
92.18 *
91.91 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-12-2025 at 10:46 UTC+1
Price reference: 93.27 last known on 06-12-2025 at 10:46 UTC+1
Investment horizon: INTRADAY
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