Cac 40 may fall to 7778.00 - 7831.00

Pivot

7930.00

Our preference

Short positions below 7930.00 with targets at 7831.00 & 7778.00 in extension.

Alternative scenario

Above 7930.00 look for further upside with 7960.00 & 8000.00 as targets.

Comment

As long as 7930.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8000.00

7960.00

7930.00

7864.70 Last

7831.00

7778.00

7760.00

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