Cac 40 may fall to 7507.00 - 7550.00

Pivot

7679.00

Our preference

Short positions below 7679.00 with targets at 7550.00 & 7507.00 in extension.

Alternative scenario

Above 7679.00 look for further upside with 7729.00 & 7765.00 as targets.

Comment

As long as 7679.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7765.00

7729.00

7679.00

7610.37 Last

7550.00

7507.00

7455.00

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