Cac 40 may fall to 7220.00 - 7365.00

Pivot

7600.00

Our preference

Short positions below 7600.00 with targets at 7365.00 & 7220.00 in extension.

Alternative scenario

Above 7600.00 look for further upside with 7720.00 & 7895.00 as targets.

Comment

As long as 7600.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7895.00

7720.00

7600.00

7556.72 Last

7365.00

7220.00

7030.00

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