Our pivot point is at 695.1.
Our preference: The downside prevails as long as 695.1 is resistance, with 676.1 and 671.3 as targets
Alternative scenario: above 695.1, look for 703.1 and 707.9.
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. The price stands below its 20 and 50 period moving average (respectively at 700.4 and 706.5).
Supports and resistances:
707.9 **
703.1 *
695.1 **
688.3 last
676.1
671.3 **
666.6 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-28-2026 at 21:10 UTC+1
Price reference: 688.3 last known on 08-28-2026 at 21:10 UTC+1
Investment horizon: INTRADAY
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