Cac 40 may rise to 7540.00 - 7630.00

Pivot

7330.00

Our preference

Long positions above 7330.00 with targets at 7540.00 & 7630.00 in extension.

Alternative scenario

Below 7330.00 look for further downside with 7160.00 & 7100.00 as targets.

Comment

A support base at 7330.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances

7740.00

7630.00

7540.00

7482.35 Last

7330.00

7160.00

7100.00

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