Cac 40 may fall to 7958.00 - 8000.00

Pivot

8073.00

Our preference

Short positions below 8073.00 with targets at 8000.00 & 7958.00 in extension.

Alternative scenario

Above 8073.00 look for further upside with 8112.00 & 8150.00 as targets.

Comment

As long as 8073.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8150.00

8112.00

8073.00

8040.12 Last

8000.00

7958.00

7915.00

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