Our pivot point is at 218.83.
Our preference: as long as 218.83 is support look for 220.16
Alternative scenario: below 218.83, expect 218.34 and 218.05.
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 below its 20 period moving average (219.42) but above its 50 period moving average (218.35).
Supports and resistances:
220.45 *
220.16 **
219.87
219.29 last
218.83 **
218.34 *
218.05 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-16-2026 at 04:03 UTC+1
Price reference: 219.29 last known on 07-16-2026 at 04:03 UTC+1
Investment horizon: INTRADAY
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