Our pivot point is at 112110.
Our preference: rebound towards 115000.
Alternative scenario: below 112110, expect 111000 and 110340.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 113211 and 114359).
Supports and resistances:
116320 **
115660 *
115000 **
114340
112987 last
112550
112110 **
111000 *
110340 **
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 08-20-2025 at 04:03 UTC+1
Price reference: 112987 last known on 08-20-2025 at 04:03 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