Our pivot point stands at 109470.
Our preference: the downside prevails as long as 109470 is resistance.
Alternative scenario: above 109470, look for 110880 and 111720.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 109230 and 110363).
Supports and resistances:
111720 **
110880 *
109470 **
108910
108319 last
106440
105600 **
104770 *
103930 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-16-2025 at 23:41 UTC+1
Price reference: 108319 last known on 10-16-2025 at 23:41 UTC+1
Investment horizon: INTRADAY
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