Cac 40 may rise to 8015.00 - 8050.00

Pivot

7925.00

Our preference

Long positions above 7925.00 with targets at 8015.00 & 8050.00 in extension.

Alternative scenario

Below 7925.00 look for further downside with 7900.00 & 7865.00 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

8086.00

8050.00

8015.00

7978.51 Last

7925.00

7900.00

7865.00

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