87810 is our pivot point.
Our preference: the downside prevails as long as 87810 is resistance.
Alternative scenario: the upside breakout of 87810, would call for 89080 and 89850.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 89418 and 90716).
Supports and resistances:
89850 **
89080 *
87810 **
87300
86433 last
84920
84160 **
83400 *
82640 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-20-2025 at 21:15 UTC+1
Price reference: 86433 last known on 11-20-2025 at 21:15 UTC+1
Investment horizon: INTRADAY
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