Our pivot point is at 167.91.
Our preference: the upside prevails as long as 167.91 is support
Alternative scenario: below 167.91, expect 167.47 and 167.21.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 167.89 and 167.55).
Supports and resistances:
169.63 **
169.37 *
169.11 **
168.84
168.27 last
168.09
167.91 **
167.47 *
167.21 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-20-2025 at 21:30 UTC+1
Price reference: 168.27 last known on 06-20-2025 at 21:30 UTC+1
Investment horizon: INTRADAY
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