Our pivot point is at 60.0.
Our preference: The downside prevails as long as 60.0 is resistance, with 57.7 and 57.0 as targets
Alternative scenario: above 60.0, look for 61.0 and 61.6.
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 above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 59.4 and 60.7).
Supports and resistances:
61.6 **
61.0 *
60.0 **
58.8 last
57.7
57.0 **
56.4 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-22-2026 at 18:08 UTC+1
Price reference: 58.8 last known on 10-22-2026 at 18:08 UTC+1
Investment horizon: INTRADAY
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