Cac 40 may fall to 7000.00 - 7040.00

Pivot

7250.00

Our preference

Short positions below 7250.00 with targets at 7040.00 & 7000.00 in extension.

Alternative scenario

Above 7250.00 look for further upside with 7300.00 & 7370.00 as targets.

Comment

The RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances

7370.00

7300.00

7250.00

7136.00 Last

7040.00

7000.00

6830.00

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