Our pivot point is at 109880.
Our preference: as long as 109880 is support look for 113010.
Alternative scenario: the downside breakout of 109880 would call for 108780 and 108120.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (110909) but above its 50 period moving average (110115).
Supports and resistances:
114320 **
113660 *
113010 **
112350
110750 last
110310
109880 **
108780 *
108120 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 10-20-2025 at 21:16 UTC+1
Price reference: 110750 last known on 10-20-2025 at 21:16 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf