Cac 40 may rise to 7630.00 - 7740.00

Pivot

7460.00

Our preference

Long positions above 7460.00 with targets at 7630.00 & 7740.00 in extension.

Alternative scenario

Below 7460.00 look for further downside with 7281.00 & 7160.00 as targets.

Comment

The RSI lacks momentum.

Supports and resistances

7900.00

7740.00

7630.00

7559.47 Last

7460.00

7281.00

7160.00

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