Our pivot point is at 3902.
Our preference: target 3681.
Alternative scenario: the upside breakout of 3902, would call for 3981 and 4029.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (3857) but above its 50 period moving average (3817).
Supports and resistances:
4029 **
3981 *
3902 **
3871
3837 last
3728
3681 **
3634 *
3587 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-31-2025 at 15:01 UTC+1
Price reference: 3837 last known on 07-31-2025 at 15:01 UTC+1
Investment horizon: INTRADAY
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