Cac 40 may fall to 7490.00 - 7530.00

Pivot

7630.00

Our preference

Short positions below 7630.00 with targets at 7530.00 & 7490.00 in extension.

Alternative scenario

Above 7630.00 look for further upside with 7670.00 & 7710.00 as targets.

Comment

The index currently faces a challenging resistance area at 7630.00.

Supports and resistances

7710.00

7670.00

7630.00

7583.73 Last

7530.00

7490.00

7420.00

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