Our pivot point is at 3944.
Our preference: the downside prevails as long as 3944 is resistance.
Alternative scenario: above 3944, look for 4038 and 4095.
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 below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3948 and 3993).
Supports and resistances:
4095 **
4038 *
3944 **
3907
3864 last
3751
3695 **
3639 *
3583 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2025 at 07:41 UTC+1
Price reference: 3864 last known on 10-21-2025 at 07:41 UTC+1
Investment horizon: INTRADAY
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