Cac 40 may rise to 8062.00 - 8105.00

Pivot

7964.00

Our preference

Long positions above 7964.00 with targets at 8062.00 & 8105.00 in extension.

Alternative scenario

Below 7964.00 look for further downside with 7924.00 & 7890.00 as targets.

Comment

The immediate trend remains up but the momentum is weak.

Supports and resistances

8150.00

8105.00

8062.00

7992.87 Last

7964.00

7924.00

7890.00

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