Our pivot point stands at 117950.
Our preference: as long as 117950 is support look for 121500.
Alternative scenario: below 117950, expect 116690 and 115940.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119065 and 118247).
Supports and resistances:
123010 **
122260 *
121500 **
120750
119100 last
118440
117950 **
116690 *
115940 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-16-2025 at 21:48 UTC+1
Price reference: 119100 last known on 07-16-2025 at 21:48 UTC+1
Investment horizon: INTRADAY
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