Our pivot point is at 51.4.
Our preference: In spite of the current correction, a rebound near 53.8 is expected as long as 51.4 is still intact
Alternative scenario: below 51.4, expect 50.6 and 50.1.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. The price stands above its 20 period moving average (52.1) but below its 50 period moving average (52.3).
Supports and resistances:
54.3 *
53.8 **
53.3
52.2 last
51.4 **
50.6 *
50.1 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-07-2026 at 21:10 UTC+1
Price reference: 52.2 last known on 11-07-2026 at 21:10 UTC+1
Investment horizon: INTRADAY
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