Cac 40 may fall to 7100.00 - 7275.00

Pivot

7600.00

Our preference

Short positions below 7600.00 with targets at 7275.00 & 7100.00 in extension.

Alternative scenario

Above 7600.00 look for further upside with 7720.00 & 7895.00 as targets.

Comment

As long as 7600.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7895.00

7720.00

7600.00

7434.56 Last

7275.00

7100.00

6935.00

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