Cac 40 may fall to 7440.00 - 7498.00

Pivot

7630.00

Our preference

Short positions below 7630.00 with targets at 7498.00 & 7440.00 in extension.

Alternative scenario

Above 7630.00 look for further upside with 7679.00 & 7765.00 as targets.

Comment

As long as 7630.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7765.00

7679.00

7630.00

7541.36 Last

7498.00

7440.00

7342.00

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