Cac 40 may fall to 7070.00 - 7130.00

Pivot

7290.00

Our preference

Short positions below 7290.00 with targets at 7130.00 & 7070.00 in extension.

Alternative scenario

Above 7290.00 look for further upside with 7340.00 & 7470.00 as targets.

Comment

The RSI is capped by a strong resistance, posting bearish divergence (not confirmed yet).

Supports and resistances

7470.00

7340.00

7290.00

7266.00 Last

7130.00

7070.00

7040.00

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