Cac 40 may fall to 8069.00 - 8105.00

Pivot

8150.00

Our preference

Short positions below 8150.00 with targets at 8105.00 & 8069.00 in extension.

Alternative scenario

Above 8150.00 look for further upside with 8170.00 & 8195.00 as targets.

Comment

As long as the resistance at 8150.00 is not surpassed, the risk of the break below 8105.00 remains high.

Supports and resistances

8195.00

8170.00

8150.00

8118.31 Last

8105.00

8069.00

8040.00

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