Cac 40 may rise to 7595.00 - 7670.00

Pivot

7430.00

Our preference

Long positions above 7430.00 with targets at 7595.00 & 7670.00 in extension.

Alternative scenario

Below 7430.00 look for further downside with 7390.00 & 7342.00 as targets.

Comment

The immediate trend remains up but the momentum is weak.

Supports and resistances

7694.00

7670.00

7595.00

7568.05 Last

7430.00

7390.00

7342.00

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