Cac 40 is neutral

Pivot

8148.00

Our preference

Short positions below 8148.00 with targets at 7890.00 & 7800.00 in extension.

Alternative scenario

Above 8148.00 look for further upside with 8260.00 & 8440.00 as targets.

Comment

As long as 8148.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8440.00

8260.00

8148.00

8045.58 Last

7890.00

7800.00

7670.00

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