Cac 40 may fall to 7175.00 - 7222.00

Pivot

7290.00

Our preference

Short positions below 7290.00 with targets at 7222.00 & 7175.00 in extension.

Alternative scenario

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

Comment

The RSI lacks upward momentum.

Supports and resistances

7470.00

7340.00

7290.00

7248.00 Last

7222.00

7175.00

7130.00

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