Cac 40 may rise to 7290.00 - 7318.00

Pivot

7230.00

Our preference

Long positions above 7230.00 with targets at 7290.00 & 7318.00 in extension.

Alternative scenario

Below 7230.00 look for further downside with 7179.00 & 7130.00 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

7340.00

7318.00

7290.00

7250.00 Last

7230.00

7179.00

7130.00

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