Our pivot point is at 77,551.
Our preference: The downside prevails as long as 77,551 is resistance, with 75,333 and 74,866 as targets
Alternative scenario: above 77,551, look for 78,343 and 78,814.
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 79,252 and 79,940).
Supports and resistances:
78,814 **
78,343 *
77,551 **
76,278 last
75,333
74,866 **
74,399 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-05-2026 at 18:08 UTC+1
Price reference: 76278 last known on 11-05-2026 at 18:08 UTC+1
Investment horizon: INTRADAY
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