Our pivot point is at 109.44.
Our preference: The upside prevails as long as 109.44 is support, with 110.29 and 110.51 as targets
Alternative scenario: below 109.44, expect 109.07 and 108.85.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 109.57 and 109.45).
Supports and resistances:
110.73 *
110.51 **
110.29
109.92 last
109.44 **
109.07 *
108.85 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-01-2026 at 07:00 UTC+1
Price reference: 109.92 last known on 10-01-2026 at 07:00 UTC+1
Investment horizon: INTRADAY
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