Cac 40 may rise to 7487.00 - 7547.00

Pivot

7340.00

Our preference

Long positions above 7340.00 with targets at 7487.00 & 7547.00 in extension.

Alternative scenario

Below 7340.00 look for further downside with 7235.00 & 7135.00 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

7598.00

7547.00

7487.00

7444.00 Last

7340.00

7235.00

7135.00

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