Our pivot point is at 2242.
Our preference: rebound towards 2359.
Alternative scenario: the downside breakout of 2242 would call for 2201 and 2176.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2294 and 2315).
Supports and resistances:
2384 *
2359 **
2334
2278 last
2242 **
2201 *
2176 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-12-2026 at 15:51 UTC+1
Price reference: 2278 last known on 05-12-2026 at 15:51 UTC+1
Investment horizon: INTRADAY
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