Our pivot point is at 808.0.
Our preference: as long as 808 is resistance look for 780.9.
Alternative scenario: above 808, look for 816.7 and 821.9.
Comment: the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (796.9) but under its 50 period moving average (800.7).
Supports and resistances:
821.9 **
816.7 *
808.0 **
804.5
799.2 last
786.1
780.9 **
775.8 *
770.6 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-31-2025 at 15:00 UTC+1
Price reference: 799.2 last known on 07-31-2025 at 15:00 UTC+1
Investment horizon: INTRADAY
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