Cac 40 may fall to 6950.00 - 7000.00

Pivot

7350.00

Our preference

Short positions below 7350.00 with targets at 7000.00 & 6950.00 in extension.

Alternative scenario

Above 7350.00 look for further upside with 7430.00 & 7470.00 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

7470.00

7430.00

7350.00

7252.00 Last

7000.00

6950.00

6800.00

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