Cac 40 may rise to 7686.00 - 7725.00

Pivot

7565.00

Our preference

Long positions above 7565.00 with targets at 7686.00 & 7725.00 in extension.

Alternative scenario

Below 7565.00 look for further downside with 7529.00 & 7460.00 as targets.

Comment

The immediate trend remains up but the momentum is weak.

Supports and resistances

7800.00

7725.00

7686.00

7632.08 Last

7565.00

7529.00

7460.00

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