Our pivot point stands at 107780.
Our preference: rebound.
Alternative scenario: the downside breakout of 107780 would call for 106400 and 105580.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (108240) but under its 50 period moving average (109717).
Supports and resistances:
113540 **
112720 *
111900 **
111070
108866 last
108320
107780 **
106400 *
105580 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2025 at 15:01 UTC+1
Price reference: 108866 last known on 10-21-2025 at 15:01 UTC+1
Investment horizon: INTRADAY
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