Our pivot point stands at 4457.
Our preference: the downside prevails as long as 4457 is resistance.
Alternative scenario: the upside breakout of 4457, would call for 4568 and 4634.
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 negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4431 and 4414).
Supports and resistances:
4634 **
4568 *
4457 **
4413
4360 last
4226
4160 **
4094 *
4028 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-04-2025 at 08:48 UTC+1
Price reference: 4360 last known on 09-04-2025 at 08:48 UTC+1
Investment horizon: INTRADAY
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