Pivot: 4580
Our preference: short positions below 4580 with targets at 3940 & 3500 in extension.
Alternative scenario: above 4580 look for further upside with 4890 & 5300 as targets.
Comment: as long as 4580 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5300 **
4890 ***
4580 ***
4377 Last
3940 ***
3500 **
3120 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-17-2026 at 03:07 UTC+1
Price reference: 4377 last known on 08-17-2026 at 03:07 UTC+1
Investment horizon: MT
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