Cac 40 may rise to 7660.00 - 7760.00

Pivot

7340.00

Our preference

Long positions above 7340.00 with targets at 7660.00 & 7760.00 in extension.

Alternative scenario

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

Comment

The RSI lacks momentum.

Supports and resistances

8000.00

7760.00

7660.00

7510.62 Last

7340.00

7080.00

6785.00

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