Our pivot point is at 157.35.
Our preference: The downside prevails as long as 157.35 is resistance, with 156.01 and 155.82 as targets
Alternative scenario: above 157.35, look for 157.66 and 157.85.
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 below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 157.80 and 158.59).
Supports and resistances:
157.85 **
157.66 *
157.35 **
156.70 last
156.01
155.82 **
155.63 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2026 at 11:00 UTC+1
Price reference: 156.70 last known on 09-03-2026 at 11:00 UTC+1
Investment horizon: INTRADAY
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