Our pivot point is at 197.50.
Our preference: the upside prevails as long as 197.50 is support
Alternative scenario: below 197.50, expect 197.04 and 196.76.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (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 197.50 and 197.22).
Supports and resistances:
199.39 **
199.11 *
198.83 **
198.55
197.99 last
197.68
197.50 **
197.04 *
196.76 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-12-2026 at 06:45 UTC+1
Price reference: 197.99 last known on 01-12-2026 at 06:45 UTC+1
Investment horizon: INTRADAY
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