Our pivot point is at 50.02.
Our preference: The downside prevails as long as 50.02 is resistance, with 48.24 and 47.78 as targets
Alternative scenario: above 50.02, look for 50.81 and 51.28.
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 price stands below its 20 and 50 period moving average (respectively at 49.89 and 50.28).
Supports and resistances:
51.28 **
50.81 *
50.02 **
49.02 last
48.24
47.78 **
47.31 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-03-2026 at 09:40 UTC+1
Price reference: 49.02 last known on 11-03-2026 at 09:40 UTC+1
Investment horizon: INTRADAY
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