Cac 40 may fall to 7481.00 - 7560.00

Pivot

7700.00

Our preference

Short positions below 7700.00 with targets at 7560.00 & 7481.00 in extension.

Alternative scenario

Above 7700.00 look for further upside with 7780.00 & 7860.00 as targets.

Comment

The upward potential is likely to be limited by the resistance at 7700.00.

Supports and resistances

7860.00

7780.00

7700.00

7628.80 Last

7560.00

7481.00

7360.00

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