Our pivot point is at 108830.
Our preference: the downside prevails as long as 108830 is resistance.
Alternative scenario: above 108830, look for 109910 and 110550.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (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 109849 and 110521).
Supports and resistances:
110550 **
109910 *
108830 **
108410
107914 last
106590
105950 **
105310 *
104680 **
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 10-21-2025 at 07:40 UTC+1
Price reference: 107914 last known on 10-21-2025 at 07:40 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