Cac 40 may fall to 7910.00 - 7960.00

Pivot

8046.00

Our preference

Short positions below 8046.00 with targets at 7960.00 & 7910.00 in extension.

Alternative scenario

Above 8046.00 look for further upside with 8071.00 & 8135.00 as targets.

Comment

As long as 8046.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8135.00

8071.00

8046.00

7998.02 Last

7960.00

7910.00

7895.00

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