Cac 40 may rise to 7750.00 - 7810.00

Pivot

7365.00

Our preference

Long positions above 7365.00 with targets at 7750.00 & 7810.00 in extension.

Alternative scenario

Below 7365.00 look for further downside with 7215.00 & 7030.00 as targets.

Comment

The immediate trend remains up but the momentum is weak.

Supports and resistances

7940.00

7810.00

7750.00

7626.72 Last

7365.00

7215.00

7030.00

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