Our pivot point is at 196.74.
Our preference: rise to 198.77
Alternative scenario: below 196.74, expect 196.08 and 195.68.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is below its 20 period moving average (197.31) but above its 50 period moving average (197.22).
Supports and resistances:
199.57 **
199.17 *
198.77 **
198.37
197.28 last
197.00
196.74 **
196.08 *
195.68 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-07-2025 at 10:46 UTC+1
Price reference: 197.29 last known on 07-07-2025 at 10:46 UTC+1
Investment horizon: INTRADAY
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