Our pivot point is at 212.75.
Our preference: the downside prevails as long as 212.75 is resistance
Alternative scenario: above 212.75, look for 213.11 and 213.32.
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 configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 213.64 and 213.56).
Supports and resistances:
213.32 **
213.11 *
212.75 **
212.38 last
211.90
211.69 **
211.48 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-06-2026 at 08:05 UTC+1
Price reference: 212.38 last known on 05-06-2026 at 08:05 UTC+1
Investment horizon: INTRADAY
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