Cac 40 may rise to 7530.00 - 7583.00

Pivot

7340.00

Our preference

Long positions above 7340.00 with targets at 7530.00 & 7583.00 in extension.

Alternative scenario

Below 7340.00 look for further downside with 7235.00 & 7135.00 as targets.

Comment

Investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances

7600.00

7583.00

7530.00

7461.99 Last

7340.00

7235.00

7135.00

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