Cac 40 may fall to 7940.00 - 7982.00

Pivot

8040.00

Our preference

Short positions below 8040.00 with targets at 7982.00 & 7940.00 in extension.

Alternative scenario

Above 8040.00 look for further upside with 8073.00 & 8110.00 as targets.

Comment

As long as 8040.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8110.00

8073.00

8040.00

8006.57 Last

7982.00

7940.00

7915.00

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