Cac 40 may fall to 8069.00 - 8105.00

Pivot

8170.00

Our preference

Short positions below 8170.00 with targets at 8105.00 & 8069.00 in extension.

Alternative scenario

Above 8170.00 look for further upside with 8195.00 & 8220.00 as targets.

Comment

As long as 8170.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8220.00

8195.00

8170.00

8132.49 Last

8105.00

8069.00

8040.00

Number of asterisks represents the strength of support and resistance levels.