Cac 40 may fall to 7429.00 - 7460.00

Pivot

7555.00

Our preference

Short positions below 7555.00 with targets at 7460.00 & 7429.00 in extension.

Alternative scenario

Above 7555.00 look for further upside with 7590.00 & 7605.00 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

7605.00

7590.00

7555.00

7478.97 Last

7460.00

7429.00

7400.00

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