Our pivot point is at 2901.
Our preference: the downside prevails as long as 2901 is resistance.
Alternative scenario: the upside breakout of 2901, would call for 2974 and 3017.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2929 and 2977).
Supports and resistances:
3017 **
2974 *
2901 **
2873
2826 last
2739
2697 **
2654 *
2611 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-20-2025 at 21:16 UTC+1
Price reference: 2826 last known on 11-20-2025 at 21:16 UTC+1
Investment horizon: INTRADAY
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