Our pivot point stands at 2764.
Our preference: the downside prevails as long as 2764 is resistance.
Alternative scenario: above 2764, look for 2833 and 2874.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (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 2792 and 2870).
Supports and resistances:
2874 **
2833 *
2764 **
2737
2686 last
2604
2564 **
2523 *
2482 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-21-2025 at 10:43 UTC+1
Price reference: 2686 last known on 11-21-2025 at 10:43 UTC+1
Investment horizon: INTRADAY
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