Cac 40 may rise to 7935.00 - 8000.00

Pivot

7832.00

Our preference

Long positions above 7832.00 with targets at 7935.00 & 8000.00 in extension.

Alternative scenario

Below 7832.00 look for further downside with 7810.00 & 7781.00 as targets.

Comment

A support base at 7832.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances

8070.00

8000.00

7935.00

7893.98 Last

7832.00

7810.00

7781.00

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