Our pivot point is at 116.99.
Our preference: the downside prevails as long as 116.99 is resistance
Alternative scenario: above 116.99, look for 119.62 and 121.19.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115.90 and 115.59).
Supports and resistances:
121.19 **
119.62 *
116.99 **
114.58 last
111.06
109.50 **
107.94 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-11-2026 at 09:15 UTC+1
Price reference: 114.58 last known on 05-11-2026 at 09:15 UTC+1
Investment horizon: ST
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