Our pivot point stands at 3964.
Our preference: the downside prevails as long as 3964 is resistance.
Alternative scenario: above 3964, look for 4070 and 4133.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3940 and 3981).
Supports and resistances:
4133 **
4070 *
3964 **
3922
3877 last
3742
3679 **
3616 *
3553 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-16-2025 at 23:42 UTC+1
Price reference: 3877 last known on 10-16-2025 at 23:42 UTC+1
Investment horizon: INTRADAY
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