Our pivot point is at 659.3.
Our preference: target 638.0.
Alternative scenario: the upside breakout of 659.3, would call for 666.6 and 670.9.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (655.4) but above its 50 period moving average (651.9).
Supports and resistances:
670.9 **
666.6 *
659.3 **
652.7 last
642.3
638.0 **
633.7 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-11-2026 at 07:43 UTC+1
Price reference: 652.7 last known on 05-11-2026 at 07:43 UTC+1
Investment horizon: INTRADAY
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