Our pivot point is at 73,216.
Our preference: The downside prevails as long as 73,216 is resistance, with 70,624 and 70,090 as targets
Alternative scenario: above 73,216, look for 74,124 and 74,664.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 72,707 and 73,491).
Supports and resistances:
74,664 **
74,124 *
73,216 **
71,685 last
70,624
70,090 **
69,556 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-12-2026 at 18:08 UTC+1
Price reference: 71685 last known on 11-12-2026 at 18:08 UTC+1
Investment horizon: INTRADAY
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