2407 is our pivot point.
Our preference: as long as 2407 is resistance look for 2293.
Alternative scenario: the upside breakout of 2407, would call for 2450 and 2475.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above its 20 period moving average (2370) but under its 50 period moving average (2375).
Supports and resistances:
2475 **
2450 *
2407 **
2371 last
2319
2293 **
2268 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-06-2026 at 04:08 UTC+1
Price reference: 2371 last known on 05-06-2026 at 04:08 UTC+1
Investment horizon: INTRADAY
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