Our pivot point stands at 2847.
Our preference: the downside prevails as long as 2847 is resistance.
Alternative scenario: the upside breakout of 2847, would call for 2918 and 2961.
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 2845 and 2939).
Supports and resistances:
2961 **
2918 *
2847 **
2819
2789 last
2697
2654 **
2612 *
2570 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-21-2025 at 04:06 UTC+1
Price reference: 2789 last known on 11-21-2025 at 04:06 UTC+1
Investment horizon: INTRADAY
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