Cac 40 may fall to 7627.00 - 7659.00

Pivot

7765.00

Our preference

Short positions below 7765.00 with targets at 7659.00 & 7627.00 in extension.

Alternative scenario

Above 7765.00 look for further upside with 7805.00 & 7840.00 as targets.

Comment

As long as 7765.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7840.00

7805.00

7765.00

7699.95 Last

7659.00

7627.00

7600.00

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