Our pivot point stands at 115870.
Our preference: the downside prevails as long as 115870 is resistance.
Alternative scenario: the upside breakout of 115870, would call for 117000 and 117680.
Comment: the RSI is below its neutrality area at 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 115152 and 115215).
Supports and resistances:
117680 **
117000 *
115870 **
115430
114966 last
113610
112930 **
112260 *
111590 **
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 08-24-2025 at 08:47 UTC+1
Price reference: 114966 last known on 08-24-2025 at 08:47 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