Cac 40 may rise to 7612.00 - 7650.00

Pivot

7519.00

Our preference

Long positions above 7519.00 with targets at 7612.00 & 7650.00 in extension.

Alternative scenario

Below 7519.00 look for further downside with 7479.00 & 7413.00 as targets.

Comment

Investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances

7670.00

7650.00

7612.00

7577.67 Last

7519.00

7479.00

7413.00

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