Our pivot point stands at 4618.
Our preference: the downside prevails as long as 4618 is resistance.
Alternative scenario: the upside breakout of 4618, would call for 4731 and 4798.
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 is trading under both its 20 and 50 period moving average (respectively at 4584 and 4603).
Supports and resistances:
4798 **
4731 *
4618 **
4574
4514 last
4379
4313 **
4246 *
4179 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-15-2025 at 15:00 UTC+1
Price reference: 4514 last known on 09-15-2025 at 15:00 UTC+1
Investment horizon: INTRADAY
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