2990 is our pivot point.
Our preference: target 2796.
Alternative scenario: the upside breakout of 2990, would call for 3065 and 3110.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2945) but above its 50 period moving average (2924).
Supports and resistances:
3110 **
3065 *
2990 **
2961
2930 last
2841
2796 **
2752 *
2707 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-26-2025 at 06:06 UTC+1
Price reference: 2930 last known on 11-26-2025 at 06:06 UTC+1
Investment horizon: INTRADAY
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