Our pivot point is at 196.47.
Our preference: rebound towards 198.60.
Alternative scenario: the downside breakout of 196.47 would call for 195.64 and 195.14.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 197.17 and 197.33).
Supports and resistances:
199.59 **
199.09 *
198.60 **
198.10
197.12 last
196.79
196.47 **
195.64 *
195.14 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-04-2025 at 23:12 UTC+1
Price reference: 197.12 last known on 07-04-2025 at 23:12 UTC+1
Investment horizon: INTRADAY
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