Cac 40 may fall to 7600.00 - 7660.00

Pivot

7730.00

Our preference

Short positions below 7730.00 with targets at 7660.00 & 7600.00 in extension.

Alternative scenario

Above 7730.00 look for further upside with 7780.00 & 7819.00 as targets.

Comment

As long as 7730.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7819.00

7780.00

7730.00

7684.97 Last

7660.00

7600.00

7460.00

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