Cac 40 may fall to 7460.00 - 7670.00

Pivot

7900.00

Our preference

Short positions below 7900.00 with targets at 7670.00 & 7460.00 in extension.

Alternative scenario

Above 7900.00 look for further upside with 8000.00 & 8072.00 as targets.

Comment

As long as the resistance at 7900.00 is not surpassed, the risk of the break below 7670.00 remains high.

Supports and resistances

8072.00

8000.00

7900.00

7696.84 Last

7670.00

7460.00

7280.00

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