Our pivot point stands at 197.42.
Our preference: rebound.
Alternative scenario: below 197.42, expect 196.59 and 196.09.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (198.10) but under its 50 period moving average (198.14).
Supports and resistances:
200.79 **
200.29 *
199.80 **
199.30
198.13 last
197.75
197.42 **
196.59 *
196.09 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-29-2025 at 21:40 UTC+1
Price reference: 198.13 last known on 07-29-2025 at 21:40 UTC+1
Investment horizon: INTRADAY
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