Our pivot point is at 58.11.
Our preference: The downside prevails as long as 58.11 is resistance, with 56.71 and 56.40 as targets
Alternative scenario: above 58.11, look for 58.64 and 58.96.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 58.44 and 59.26).
Supports and resistances:
58.96 **
58.64 *
58.11 **
57.59 last
56.71
56.40 **
56.08 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-23-2026 at 18:04 UTC+1
Price reference: 57.59 last known on 07-23-2026 at 18:04 UTC+1
Investment horizon: INTRADAY
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