Our pivot point stands at 85130.
Our preference: rebound towards 88820.
Alternative scenario: the downside breakout of 85130 would call for 83810 and 83020.
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 negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 87437 and 89797).
Supports and resistances:
90400 **
89610 *
88820 **
88030
86445 last
85650
85130 **
83810 *
83020 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-01-2025 at 08:41 UTC+1
Price reference: 86445 last known on 12-01-2025 at 08:41 UTC+1
Investment horizon: INTRADAY
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