Cac 40 may fall to 7046.00 - 7132.00

Pivot

7300.00

Our preference

Short positions below 7300.00 with targets at 7132.00 & 7046.00 in extension.

Alternative scenario

Above 7300.00 look for further upside with 7370.00 & 7443.00 as targets.

Comment

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

Supports and resistances

7443.00

7370.00

7300.00

7201.00 Last

7132.00

7046.00

6830.00

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