Cac 40 may fall to 7075.00 - 7215.00

Pivot

7470.00

Our preference

Short positions below 7470.00 with targets at 7215.00 & 7075.00 in extension.

Alternative scenario

Above 7470.00 look for further upside with 7530.00 & 7560.00 as targets.

Comment

The RSI is above its neutrality area at 50% but reversing down.

Supports and resistances

7560.00

7530.00

7470.00

7340.00 Last

7215.00

7075.00

7000.00

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