Cac 40 may rise to 7910.00 - 8120.00

Pivot

7340.00

Our preference

Long positions above 7340.00 with targets at 7910.00 & 8120.00 in extension.

Alternative scenario

Below 7340.00 look for further downside with 7080.00 & 6785.00 as targets.

Comment

The RSI is above its neutrality area at 50%.

Supports and resistances

8254.00

8120.00

7910.00

7733.83 Last

7340.00

7080.00

6785.00

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