Pivot: 4500
Our preference: long positions above 4500 with targets at 4950 & 5100 in extension.
Alternative scenario: below 4500 look for further downside with 4270 & 4000 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
5250
5100
4950
4840 Last
4500
4270
4000
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-21-2026 at 04:49 UTC+1
Price reference: 4840 last known on 01-21-2026 at 04:49 UTC+1
Investment horizon: ST
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