Pivot: 3980
Our preference: long positions above 3980 with targets at 4028 & 4043 in extension.
Alternative scenario: below 3980 look for further downside with 3965 & 3942 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4071 **
4043 **
4028 ***
4004 Last
3980 ***
3965 **
3942 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-20-2026 at 09:06 UTC+1
Price reference: 4004 last known on 07-20-2026 at 09:06 UTC+1
Investment horizon: INTRADAY
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