Index

Cac 40 may fall to 7095.00 - 7340.00

2024-09-17

Pivot

7700.00

Our preference

Short positions below 7700.00 with targets at 7340.00 & 7095.00 in extension.

Alternative scenario

Above 7700.00 look for further upside with 7870.00 & 8000.00 as targets.

Comment

As long as 7700.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8000.00

7870.00

7700.00

7495.18 Last

7340.00

7095.00

7030.00

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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