Cac 40 may fall to 7390.00 - 7460.00

Pivot

7780.00

Our preference

Short positions below 7780.00 with targets at 7460.00 & 7390.00 in extension.

Alternative scenario

Above 7780.00 look for further upside with 7900.00 & 8000.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

8000.00

7900.00

7780.00

7649.35 Last

7460.00

7390.00

7281.00

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