Our pivot point stands at 662.1.
Our preference: the upside prevails as long as 662.1 is support.
Alternative scenario: below 662.1, expect 654.6 and 650.2.
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 658 and 654.9).
Supports and resistances:
690.6 *
686.2 **
681.7
670.0 last
662.1 **
654.6 *
650.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-12-2026 at 01:53 UTC+1
Price reference: 670.0 last known on 05-12-2026 at 01:53 UTC+1
Investment horizon: INTRADAY
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