Cac 40 may rise to 7684.00 - 7729.00

Pivot

7585.00

Our preference

Long positions above 7585.00 with targets at 7684.00 & 7729.00 in extension.

Alternative scenario

Below 7585.00 look for further downside with 7550.00 & 7507.00 as targets.

Comment

The RSI has broken up its 30 level.

Supports and resistances

7790.00

7729.00

7684.00

7622.28 Last

7585.00

7550.00

7507.00

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