Cac 40 may fall to 7030.00 - 7340.00

Pivot

7700.00

Our preference

Short positions below 7700.00 with targets at 7340.00 & 7030.00 in extension.

Alternative scenario

Above 7700.00 look for further upside with 7870.00 & 8000.00 as targets.

Comment

As long as 7700.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8000.00

7870.00

7700.00

7475.88 Last

7340.00

7030.00

6785.00

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