3946 is our pivot point.
Our preference: the downside prevails as long as 3946 is resistance.
Alternative scenario: the upside breakout of 3946, would call for 4036 and 4090.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3909 and 3918).
Supports and resistances:
4090 **
4036 *
3946 **
3911
3871 last
3753
3699 **
3646 *
3592 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-22-2025 at 06:14 UTC+1
Price reference: 3871 last known on 10-22-2025 at 06:14 UTC+1
Investment horizon: INTRADAY
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