Cac 40 may fall to 7343.00 - 7388.00

Pivot

7530.00

Our preference

Short positions below 7530.00 with targets at 7388.00 & 7343.00 in extension.

Alternative scenario

Above 7530.00 look for further upside with 7572.00 & 7670.00 as targets.

Comment

As long as 7530.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7670.00

7572.00

7530.00

7465.42 Last

7388.00

7343.00

7200.00

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