Our pivot point is at 89.1.
Our preference: the downside prevails as long as 89.1 is resistance.
Alternative scenario: the upside breakout of 89.1, would call for 91.8 and 93.4.
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 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 89.8 and 91.4).
Supports and resistances:
93.4 **
91.8 *
89.1 **
88.0
86.5 last
83.3
81.7 **
80.0 *
78.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-20-2025 at 21:17 UTC+1
Price reference: 86.5 last known on 11-20-2025 at 21:17 UTC+1
Investment horizon: INTRADAY
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