Cac 40 may rise to 7710.00 - 7800.00

Pivot

7460.00

Our preference

Long positions above 7460.00 with targets at 7710.00 & 7800.00 in extension.

Alternative scenario

Below 7460.00 look for further downside with 7395.00 & 7360.00 as targets.

Comment

A support base at 7460.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances

7815.00

7800.00

7710.00

7479.40 Last

7460.00

7395.00

7360.00

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