Cac 40 may rise to 7841.00 - 7876.00

Pivot

7760.00

Our preference

Long positions above 7760.00 with targets at 7841.00 & 7876.00 in extension.

Alternative scenario

Below 7760.00 look for further downside with 7721.00 & 7690.00 as targets.

Comment

A support base at 7760.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances

7930.00

7876.00

7841.00

7789.21 Last

7760.00

7721.00

7690.00

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