Our pivot point stands at 118170.
Our preference: the downside prevails as long as 118170 is resistance.
Alternative scenario: the upside breakout of 118170, would call for 127850 and 133610.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115346 and 114225).
Supports and resistances:
133610 **
127850 *
118170 **
114370
107800 last
96300
90710 **
85110 *
79510 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2025 at 12:05 UTC+1
Price reference: 107800 last known on 10-21-2025 at 12:05 UTC+1
Investment horizon: ST
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