Our pivot point stands at 683.4.
Our preference: the upside prevails as long as 683.4 is support.
Alternative scenario: below 683.4, expect 676.2 and 672.0.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 677 and 670.1).
Supports and resistances:
711.5 **
707.2 *
702.9 **
698.6
689.9 last
686.2
683.4 **
676.2 *
672.0 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-11-2025 at 04:05 UTC+1
Price reference: 689.9 last known on 07-11-2025 at 04:05 UTC+1
Investment horizon: INTRADAY
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