Our pivot point stands at 3108.
Our preference: the upside prevails as long as 3108 is support.
Alternative scenario: below 3108, expect 3039 and 2998.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3139 and 3072).
Supports and resistances:
3378 **
3337 *
3296 **
3254
3172 last
3135
3108 **
3039 *
2998 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-16-2025 at 10:41 UTC+1
Price reference: 3172 last known on 07-16-2025 at 10:41 UTC+1
Investment horizon: INTRADAY
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