Cac 40 may rise to 7609.00 - 7630.00

Pivot

7535.00

Our preference

Long positions above 7535.00 with targets at 7609.00 & 7630.00 in extension.

Alternative scenario

Below 7535.00 look for further downside with 7500.00 & 7460.00 as targets.

Comment

A support base at 7535.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances

7678.00

7630.00

7609.00

7584.50 Last

7535.00

7500.00

7460.00

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