Cac 40 may rise to 7500.00 - 7530.00

Pivot

7430.00

Our preference

Long positions above 7430.00 with targets at 7500.00 & 7530.00 in extension.

Alternative scenario

Below 7430.00 look for further downside with 7400.00 & 7365.00 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

7575.00

7530.00

7500.00

7449.44 Last

7430.00

7400.00

7365.00

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